Luxury handbag maker Coach, Inc. ( COH ) on Thursday saw its coverage started with an "Outperform" rating by analysts at Credit Suisse.
The firm also set a $64 price target on COH shares, suggesting a 15% upside to the stock's Wednesday closing price of $55.54.
Credit Suisse cited the company's global expansion over the next several years for the positive view.
Coach shares posted modest losses in premarket trading Thursday.
The Bottom Line
Shares of Coach ( COH ) have a 1.62% dividend yield, based on last night's closing stock price of $55.54. The stock has technical support in the $50 price area. If the shares can firm up, we see overhead resistance around the $59-$60 price levels.
Coach, Inc. ( COH ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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