Vetr Crowd Upgrades Coach To 4.5-Star Stock

Shares of Coach Inc (NYSE: COH) have lost more than 13 percent since the start of 2015. Despite the relative under-performance, the Vetr crowd is optimistic in the stock's prospects heading into the new year.

The Vetr crowd upgraded Coach's stock rating to 4.5-stars out of a possible 5-stars. Coach's stock has risen to $32.65 since the prior rating of 4.0-stars was issued just two days ago.

In addition to an upgrade into clear bull territory, 64 percent of the Vetr crowd's ratings are bullish and the crowd-sourced price target of $37.65 implies a potential upside of more than 15 percent.

Tania Hansraj, a member of the Vetr crowd, noted that the market is "aware" of Coach's transformation plans for the future which will improve the stock's outlook.