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Coach higher after HSBC upgrade

May 08, 2015 9:29 AM ETTapestry, Inc. (TPR) StockTPRBy: Clark Schultz, SA News Editor
  • HSBC upgrades Coach (COH) to Buy from Neutral.
  • The investment firm lifts its price target on the luxury seller to $46 from $40.
  • Analysts have had a devil of a time modeling the impact of F/X on Coach's results due to the sometimes complicated impact on tourism.
  • COH +0.6% premarket to $38.56.

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