JPMorgan Cuts Coach To Neutral On Handbag Industry Woes

Shares of Coach (COH) are down 3.8% in Monday morning trading, following a downgrade from JPMorgan. Coach Analyst Matthew Boss and his team note that Coach and Michael Kors (KORS) are reporting earnings season, but it’s likely to be a difficult quarter for handbag companies in general. Boss writes that the industry’s growth is potentially [...]