Canaccord Maintains a 'Cautious' Hold on Coach

In a note date September 15, Canaccord analyst, Laura Champine maintained a "cautious" Hold on Coach Inc

citing a best in class dividend yield and appeal to private equity. Champine noted the $27 price target suggested by her DCF model represents "notable" downside to the stock's current levels. "The company is on track to cede more market share in F2015, and its grip on the top position is as loose as ever in our view," commented Champine. Shares of Coach are trading down just under a percent to ~$36.88 in the early hours of Wednesday's market session.