Why Do Everyone Value Coach?

According to the world clothing and shoe net, the investment bank has stepped up the rating stimulus, and the pformation of disaster relief has been more frequent.
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Coach
Inc. (NYSE:COH) SEHK:6388 (SEHK:6388) shares rose 52 weeks to a new high of $47.76.
On Monday, the investment bank Buckingham Research said that the rating of the us light luxury group was raised from "hold" to "buy", and the target price of the company was raised sharply, from 45 US dollars to 58 US dollars, with an amplitude of 29%, which is 24.6% more than that of the company's Monday closing price of 46.55.
Buckingham Research released its Research Report on the Coach Inc. Cox group in June 26th, and analysts Scott Krasik and Matthew Gulmi believe that the US stock price will soar and explain the reasons for the increase in the four aspects of core profit margin and M & a strategy. Buckingham Research predicts that the core profit of the Coach fiscal group will be substantially improved from 19% to 19% in the 2021 financial year; the synergy generated by the acquisition will exceed the expectations of the group and investors; the potential acquisition of multi brand strategy will enable the group to continue to benefit; the company is building the only multi brand luxury group in the United States.
According to public data, Buckingham Research currently holds about 50 shares of Coach Inc. Cox group.
At present, the market is singing highly of the Coach Inc. Cox group. Among the 33 mainstream investment banks, 21 have bought "buy" rating, accounting for 64%, and the average target price is 47.48.
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No Agency, an industry research and consulting agency, released a report in early May to sing the Coach Inc. Cox group and give it a target price of $56. The agency believes that the US group's share price could rise by 50%% this year. The report has so far recorded a 12% increase, and the stock has risen to 37% higher so far this year.
The BMO Capital Markets released on the same day with No Agency released the rating of Coach Inc. Cox group as "holding" and gave us a target price of US $42; in May 9th, Nomura Nomura gave the company a "buy" rating and a US $45 target price. On the same day, Credit Suisse Group Credit Suisse granted us $55 target price and "buy" rating; in June 15th, it raised its target price from 45 US dollars to 50 US dollars and maintained the "win win" rating.
Before the three quarter earnings in May 2nd, Jefferies Group LLC raised the target price of Coach Inc. group to $53 and gave it a "buy" rating.
The investment bank is unanimous about Coach Inc. Cox group. In addition to its strong recovery in the North American market, it is more optimistic about its M & a strategy. At the beginning of this month, the Moody's Investors Service Moodie investor service agency gave Baa2 rating to the $1 billion senior unsecured notes issued by Coach Inc. Cox group. The agency believes that Coach Inc. group has long held the leading brand of leather products, which is the key market share, and the purchase of the trading will enable the group to scale up to US $5 billion 900 million. The paction can also expand the product line for the group and create opportunities for expansion, especially the expansion of key Asian markets.
Moodie also said that considering the synergistic effect of the merger, the above ratings reflected its good liquidity and the agency's expectation of moderate debt and solvency of Coach Inc. Cox group.
More interesting reports, please pay attention to the world clothing shoes and hats net.
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