With their fresh Buy recommendations on shares of luxury leather goods maker
While the data shows that the most recent comments by their peers are more than 30 days old, Andreeva and Murphy made their recommendations following Coach’s quarterly earnings call yesterday where management said handbags priced higher than $400 made up more than half of the company’s sales in the category. Based on a dozen analysts offering recommendations for COH in the last three months, the overall consensus is Moderate Buy.
Speaking ahead of the holiday shopping season, CEO Victor Luis
The 12-month average price target is $45.25—23% upside from current levels—Andreeva has a $50 target and Murphy sees $44 for the shares. The Oppenheimer analyst is rated three stars on TipRanks, while Piper Jaffray’s Murphy is not rated.
Check out the Daily Analysts Recommendations
Product photo courtesy of Coach Inc.