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Coach, Urban Outfitters raised by J.P. Morgan

|Includes: Tapestry, Inc. (TPR), URBN

NEW YORK (MarketWatch) — Coach Inc.  (COH 39.94, +1.24, +3.20%)

 and Urban Outfitters Inc.  (URBN 38.30, +1.45, +3.94%) were upgraded to overweight from neutral by J.P. Morgan on Friday morning.

 coh-logo

What timely advice!  Coach had a 52-week range of $16.10 - $39.28 but opened today at a new high of $39.69 on this upgrade.

URBN had a 52-week range of $14.91 - $37.32 prior to J.P. Morgan’s upgrade and opened at $37.75 today.

 urbn-logo

What is the value in analysts that go from neutral to overweight well AFTER huge [100% - 200%] up moves?

 

See my much earlier write-ups on both these stocks when they actually represented good value.



Disclosure: Long COH,URBN but at lower prices