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Actionable news in COH: COACH Inc,

Coach: More Gains Are In The Bag

Coach (COH) is trading higher Friday, and Oppenheimer expects the stock’s gains to keep coming.

Analysts Anna Andreeva and Samantha Lanman raised their price target on Coach by $5, to $55 Friday, writing that they expect more detail about the Kate Spade (KATE) deal when Coach reports fourth-quarter earnings in early August.

They’re optimistic about the deal, seeing as much as 15 cents in upside to fiscal 2018 earnings and arguing that the...