Morgan Stanley Analyst Likes Coach (COH)

Kimberly Greenberger of Morgan Stanley said on CNBC's Fast Money that the Wall Street analysts are underestimating the impact of China on Coach, Inc.

. She explained that earnings from China are not reported separately for Coach (

), and it is very difficult to model the revenue. She believes that the contribution from China will rise from a penny per share in the recent year to $0.22 in the next 12-24 months. Coach (

) is opening new stores, and every store that it opens is going to drive COH's profit higher. Kimberly Greenberger thinks that Coach (

) is very well positioned ahead of holiday season, and she especially likes the new concept that COH has adopted. Customers that visit Coach (

) several times during holiday season will see something new every time they visit COH's stores. This strategy will probably increase sales, believes Kimberly Greenberger. She added that there is a great trend for small handbags and wristlets. Coach (

) trades 0.36% lower today.