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 Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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