Citigroup Maintains Buy Rating On Coach, Inc. (COH)

Analysts Kimberly Greenberger and Nicholas J. Smith at Citigroup have released an update on Coach, Inc. (NYSE: COH).

Analysts believe that strong sales and margin performance from the third-quarter have continued to date in the fourth-quarter. As a result, Citi’s projected 3%-5% comp and 17% growth in revenue looks very achievable.

The company has reiterated its goals for China to reach sales of $250 million by FY12, which analysts believe could be conservative.

Analysts at Citigroup have maintained their Buy rating and a $51 price target for Coach, Inc.