UPDATE: Canaccord Genuity Reiterates Buy Rating, Lowers PT on Coach
January 23, 2013 at 15:15 PM EST
In a report published Wednesday, Canaccord Genuity reiterated its Buy rating on Coach (NYSE: COH ), but lowered its price target from $71.00 to $68.00. Canaccord Genuity noted, “COH reported Q2 EPS of $1.23, $0.08 below our estimate and $0.05 short of consensus. Sales trends deteriorated in North America during
