Vetr Crowd Downgrades Coach As Analysts Turn Bullish

The Vetr crowd on Wednesday downgraded its rating on Coach Inc COH from 4.5 stars (Strong Buy), issued just under a month ago, to 4 stars (Buy). At the time of the downgrade, crowd sentiment for Coach remained unanimously positive, with 100 percent of Vetr user ratings bullish.

Shares have been on the uptrend since the start of the week, finishing up three days in a row and ending Wednesday up by more than 4 percent.

Part of this growth can be attributed to a ratings initiation on Tuesday from Bernstein analyst Jamie Merriman. Merriman put the stock at Outperform with a price target of $51 and predicted 10 percent annual growth for the company over the next five years.

Coach's stock closed Wednesday at $42.10.

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Currently, the Vetr crowd's average price target on Coach is up at $45.91, which is above the average analyst price target of $43.75. Less than 2 percent of Vetr users are holding COH in their watch-lists.