Coach’s Estimates Upped at Goldman Sachs (COH)

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Luxury handbag maker Coach, Inc. ( COH ) saw its earnings estimates raised on Monday by analysts at Goldman Sachs.

The firm boosted its estimates for COH through 2012, noting that one of its analysts sees additional growth potential in China and Europe. Goldman currently rates the stock as "Neutral" with a $43 price target.

Coach shares were mostly flat in premarket trading Monday.

The Bottom Line
We had removed shares of COH from our recommended list back on May 17, when the stock was trading at $40.06. The company has a 1.53% dividend yield, based on Friday's closing stock price of $39.16. The stock has technical support in the $35-$36 price area. If the shares can firm up, we see overhead resistance around the $44-$45 price levels. We would remain on the sidelines for now.

Coach, Inc. ( COH ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: COACH , COH

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