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Stock Market & Financial Investment News

News Breaks
August 5, 2014
09:13 EDTCOHCoach sees low double digit decline in FY15 constant currency, reported sales
Says priority for North America is restoring productivity, will close underperforming stores. Says will further develop outlet strategy. Sees global square footage up 2% in FY15 vs. up 7% in FY14. Says focus will be on remodels. Sees executing majority of retail store closures in 1H, sees outlet store closures taking place throughout the year. Sees footprint in department stores increasing "modestly" in FY15. Sees China sales of over $600M in FY15. Expects continuation of current trends in Japan. Sees incurring pre-tax charges of $250M-$300M associated with transformation plan. Says "strongly" committed to dividend. Sees FY CapEx $350M. Sees low double digit decline in constant currency, reported basis sales in FY15. Sees high teens comp decline in North America. Sees FY gross margin 69%-70%. Sees FY operating margin in the high teens. Sees FY tax rate around 32%. Says cash priorities include investing in business, strategic acquisitions, capital returns.
News For COH From The Last 14 Days
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March 2, 2015
09:47 EDTCOHCoach downgraded to Hold from Buy at Standpoint Research
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February 25, 2015
07:31 EDTCOHCoach longer term outlook positive, says Stifel
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February 24, 2015
10:00 EDTCOHOn The Fly: Analyst Upgrade Summary
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06:28 EDTCOHCoach upgraded to Outperform from Perform at Oppenheimer
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February 20, 2015
07:14 EDTCOHOppenheimer to hold a tour
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February 19, 2015
09:59 EDTCOHOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Altisource Residential (RESI) upgraded to Neutral from Sell at Compass Point... Angie's List (ANGI) upgraded to Overweight from Equal-Weight at First Analysis... Barrick Gold (ABX) upgraded to Buy from Hold at TD Securities... British Land (BTLCY) upgraded to Buy from Hold at Societe Generale... Coach (COH) upgraded to Buy from Hold at Topeka... Fiat Chrysler (FCAU) upgraded to Outperform from Neutral at Exane BNP Paribas... Garmin (GRMN) upgraded at BofA/Merrill... Hologic (HOLX) upgraded to Buy from Hold at Canaccord... Iberdrola (IBDRY) upgraded to Neutral from Underweight at HSBC... KPN (KKPNY) upgraded to Neutral from Underperform at Exane BNP Paribas... Monster Worldwide (MWW) upgraded at Evercore ISI... Pharmacyclics (PCYC) upgraded to Buy from Neutral at Nomura... RPC, Inc. (RES) upgraded to Equal Weight from Underweight at Morgan Stanley... Sanofi (SNY) upgraded to Buy from Neutral at BofA/Merrill... Sasol (SSL) upgraded to Neutral from Underweight at HSBC... Tractor Supply (TSCO) upgraded at Oppenheimer... Valero (VLO) upgraded to Buy from Hold at Deutsche Bank... Weingarten Realty (WRI) upgraded to Neutral from Sell at UBS... Werner (WERN) upgraded on improving freight fundamentals at RBC Capital... diaDexus (DDXS) upgraded to Buy from Neutral at Ladenburg,
06:30 EDTCOHCoach upgraded to Buy from Hold at Topeka
Topeka upgraded Coach to Buy and raised its price target to $44 from $40 following yesterday's Fall 2015 fashion week. The analyst is impressed how quickly Coach has changed its assortments under new design director Stuart Vevers. Topeka said there are more opening price points in handbags and improved cohesion between collection and core, creating a brand halo effect. Additionally, the firm's recent mall checks indicate a pickup in Coach store traffic.

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