Morgan Stanley Sees Low 1Q Earnings Visibility for Coach

In a report published Wednesday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Underweight rating and $28.00 price target on Coach COH. In the report, Morgan Stanley noted, “We think 1Q earnings visibility is low. While we see scenarios where COH could meet consensus, we also see several scenarios that could produce a miss. Underlying fundamentals remain challenged. High teens EBIT margins are likely more permanent than temporary. Reiterate U/W.” Coach closed on Tuesday at $35.45.