Coach Now Rated a "Sell" at Goldman Sachs; Expects Underperformance Relative to Peers (COH)

Coach Now Rated a “Sell” at Goldman Sachs; Expects Underperformance Relative to Peers (COH)

RSS

Luxury handbag maker Coach, Inc. (COH) on Tuesday received some bearish sentiment from analysts at Goldman Sachs.

The firm reinstated coverage on COH with a “Sell” rating and $58 price target, which suggests a small upside to the stock’s Monday closing price of $56.32.

A Goldman analyst noted the Sell rating reflects expectations of “relative underperformance we see for COH versus our broader group, and we do not see any absolute downside for shares from here.” The firm sees risk to the company’s market share, as other luxury brands present much better growth stories.

Coach shares posted small losses in premarket trading Tuesday.

The Bottom Line
Shares of Coach (COH) have a 2.13% dividend yield, based on last night’s closing stock price of $56.32. The stock has technical support in the $50-$53 price area. If the shares can firm up, we see overhead resistance around the $60-$61 price levels.

Coach, Inc. (COH) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today