Premarket roundup: Coach, TJX
By
Associated Press
June 22, 2009
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Among the premarket stories for Friday, June 22, from AP Financial News:
NEW YORK (AP) _ Coach Inc.'s new Poppy collection appears to be boosting results at its retail stores, an analyst said Monday as he raised his expectation for how high the handbag and accessories seller's shares could rise.
NEW YORK (AP) _ A Lazard Capital Markets analyst said Monday that traffic to TJX Companies Inc. retail stores had been improving and it was in good position to benefit as consumer spending improves.
NEW YORK (AP) _ Fearing a seasonal increase in losses and its current valuation, an analyst cut his rating Monday on property and casualty insurer Progressive Corp.
NEW YORK (AP) _ Declining sow costs should benefit homestyle restaurant operator and pork sausage producer Bob Evans Farms Inc., an analyst said Monday as he upgraded his rating on the company's stock.