Coach’s Price Target Raised at Piper Jaffray (COH)


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Luxury handbag maker Coach, Inc. ( COH ) on Monday saw its price target raised by analysts at Piper Jaffray.

The firm maintained its "Overweight" rating on COH and lifted its price target from $75 to $77. That new target suggests a massive 35% upside to the stock's Friday closing price of $57.59.

Coach shares, which have risen 4% year-to-date, were mostly flat in premarket trading Monday.

The Bottom Line
Shares of Coach ( COH ) have a 1.56% dividend yield, based on Friday's closing stock price of $57.59. The stock has technical support in the $54-$55 price area. If the shares can firm up, we see overhead resistance around the $60-$62 price levels.

Coach, Inc. ( COH ) is not recommended at this time, holding a 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 Nasdaq, Inc.

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This article appears in: Investing , Stocks

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