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In a report issued Tuesday,Topeka initiated coverage on Coach (NYSE: COH) with a Hold rating and a target price of $46.
While there is a positive outlook for the future, Dorothy S. Lakner of Topeka sees that with estimated earnings for FY2015 being lower than the expected earnings for FY2014, Coach will falter rather than have share prices driven upward.
Coach will open at $41.87 on Tuesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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