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Coach Inc. (COH) Fell To A New Low After Downgrade

Sterne Agee downgraded its rating on shares of Coach Inc. (COH) Wednesday morning to "Neutral" from "Buy."

Coach gapped open lower Wednesday and fell sharply in early trade, before settling into a range. The stock finished down by 1.03 at $38.99 on above average volume. Coach has been declining for over a month and set a new low for the year.

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