UBSD maintains a bullish view on Coach (NYSE:COH), keeping the retailer lined up as one of its top picks and rated at Buy.
Analyst Michael Binetti thinks M&A opportunities give Coach some upside. Buckingham Research hit the same theme in a note to its clients, saying the math works out for Coach to acquire Jimmy Choo (OTCPK:JYMHF).
Last week, Jefferies reiterated its Buy rating and $53 price target on Coach. The firm also thought M&A was in the mix for Coach.
Shares of Coach closed at $39.30 yesterday vs. a 52-week range of $34.07 to $43.71.