This morning, UBS reduced its price target on shares of Coach (NYSE:COH) to $50 following disappointing earnings from the company. UBS noted that the company is seeing its inventory grow which could lead to lower margins in the future. Shares of Coach were lower by 1.1% today.
Credit Suisse lowered its price target on shares of Target (NYSE:TGT) to $55 as sales could slip over the next few quarters. In the report, Credit Suisse maintained its neutral rating. Shares of Target were lower by 0.6% so today.
And MKM Partners downgraded shares of Auxilium (AUXL) to a neutral rating citing valuation. The stock has crossed above the firm's $23 price target reducing the risk/reward profile for investors. Shares of Auxilium were lower by 3.4% on the news.
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