Citigroup Upgrades Coach to “Buy” (COH)

Citigroup reported on Wednesday that it has upgraded accessory company, Coach, Inc. (COH).

The firm has increased its rating of COH from “Neutral” to “Buy,” and has given the company a $56 price target. This price target suggests a 11% increase from the stock’s current price of $49.85.

Analysts have upgraded the stock based on its transition to being a value stock and the current price of the stock, which is partially priced based on its risk.

Coach shares were up 99 cents, or 2.03% during premarket trading Wednesday. The stock has declined -37% in the past year.

The Bottom Line
Shares of Coach, Inc. (COH) have a 2.46% yield, based on Tuesday’s closing price of $48.81.

Coach, Inc. (COH) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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