Morgan Stanley Downgrades Coach Inc. to “Equal-Weight” (COH)
Coach, Inc. (COH) shares are up 27% since mid-February. Based on this current valuation, analysts at Morgan Stanley downgraded the fashionable accessories maker on Tuesday.
The analysts downgraded COH from “Overweight” to “Equal-weight.”
Coach shares were down 58 cents, or -0.97%, during pre-market trading on Tuesday. The stock is up +7.24% year-to-date.
The Bottom Line
Shares of Coach (COH) have a dividend yield of 2.27% based on last night’s closing price of $59.53 and the company’s annualized dividend payout of $1.35 per share.
Coach, Inc. (COH) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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