Shares of Coach saw some trading action shortly after 1:30 p.m. Wednesday following a short item on Benzinga Lightning Feed - a data feed used by many traders - that French luxury firm Kering had made a takeover bid for the accessories firm.
Piper Jaffray Companies set a $43.00 target price on Coach Inc (NYSE:COH) in a research note published on Monday morning. The firm currently has a buy rating on the luxury accessories retailer's stock.
Coach, Inc. (COH) has created a compelling message for traders in the most recent trading. That message has grown stronger as the technical chart setup has developed into a more composite picture for the stock.
When Coach Inc (NYSE:COH) reported earnings results for the December quarter, which is its fiscal 2Q2017, China was one of the regions in which the company registered strong growth in its international segment.