UPDATE: J.P. Morgan Raises Price Target on Coach to $76

According to J.P. Morgan, Coach COH price target is raised to $76. J.P. Morgan said that it recently met with CFO, Jane Nielsen and SVP/IR, Andrea Shaw Resnick. “Following another strong quarter of mid-teens top-line growth and faster bottom-line growth, Coach continues to operate with momentum at its back as they remain focused on 1) growing the women's business domestically, 2) expanding the men's business globally and 3) and rapidly growing their footprint in the Asia (ex-Japan) region.” Coach closed on Friday at $70.05.