Belief change and non-monotonic reasoning are usually viewed as two sides of the same coin, with results showing that one can formally be defined in terms of the other. In this paper we show that it also makes sense to analyse belief change within a (preferential) non-monotonic framework. We consider belief change operators in a non-monotonic propositional setting with a view towards preserving consistency. We show that the results obtained can also be applied to the preservation of coherence— an important notion within the field of logic-based ontologies. We adopt the AGM approach to belief change and show that standard AGM can be adapted to a preferential non-monotonic framework, with the definition of expansion, contraction, and revision operators, and corresponding representation results.