Goldman Sachs Update On Coach (COH)
In a company update today, Goldman Sachs (NYSE: GS) said that they are maintaining their Neutral rating on shares of Coach (NYSE: COH) but are raising their 2010-2012 earnings per share forecasts by an average of 3%. The firm has a $43 price target on the stock, which is based on 16x Goldman's calendar 2011 EPS estimates.
During today's trading session, COH has jumped 1.05% to $39.57. Coach, Inc. (COH) is a marketer of fine accessories and gifts for women and men. The Company offers lifestyle accessories.
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