Coach (NYSE:COH) Offers Attractive Risk/Reward Ratio Says Barclays

Coach (NYSE:COH) could offer a double-digit growth narrative in the years ahead, said Barclays, who considers them as having an attractive risk/reward ratio.

Barclays says, "Coach reports 2Q11 results on Tuesday, January 25th, before the market opens: We remain comfortable with our revenue estimate of $1.17 billion and EPS estimate of $0.95, which could prove conservative.

"We believe that the company's China growth story remains intact: The company currently expects revenue in China to reach $250 million by FY12, up from more than $100 million at the end of FY10.

"Overall, we believe that Coach is well positioned for a continuation of double-digit growth: Trading at only 16.5x our FY12 EPS estimate of $3.25, we believe the shares represent an attractive risk/reward ratio."

Barclays maintains an "Overweight" rating on Coach (COH), which closed Monday at $53.37, up $0.37, or 0.70 percent. Barclays has a price target of $68 on them.