Coach price target lowered to $40 from $47 at Stifel Stifel cut its price target on Coach as the firm believes that competition in the accessories category is increasing, causing a deceleration in the segment. However, the firm keeps a Buy rating on the stock.
Coach near-term risk remains but could create opportunity, says UBS UBS believes near-term risk remains for Coach but sees underlying trends creating the potential for a buying opportunity. The firm noted its concerns surrounding the company's heavy promotions but sees the brand improving with millennials. UBS reiterated its Neutral rating and lowered its price target to $34 from $40 on Coach shares.