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Jefferies sees Coach turnaround taking hold

Aug. 18, 2015 8:21 AM ETTapestry, Inc. (TPR) StockTPRBy: Clark Schultz, SA News Editor9 Comments
  • Jefferies upgrades Coach (COH) to a Buy rating from Hold and adds the stock to its Jefferies Franchise Picks List.
  • The investment firm sees enough "green shoots" for Coach's business to turn positive on the impact of new initiatives. A return to positive comparable-store sales growth and margin expansion is expected.
  • Jefferies raises its price target on Coach to $50 from $35.

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