Coach Inc continues to benefit from “competitor's missteps,” BlueFin Research Partners’ Rebecca Duval said in a report. She added that while the company seems to be gaining share in the handbags market, it also stands to benefit from a possible buyout of Kate Spade & Co . In 2016, Coach announced the closure of 25 percent of its wholesale outlets (around 250 stores) and said that it would discontinue providing margin support to the big box stores, as these were heavily dependent on constant promotions to attract shoppers.“These were bold moves for any retailers and one which we think reflects management’s confidence in their ability to re-position the product line to be more of an aspirational brand,” Duval commented, while maintaining a Market Outperform rating on Coach, with a price target of $46.Source