JPMorgan raised the firm’s price target on Tapestry (TPR) to $147 from $142 and keeps an Overweight rating on the shares. JPMorgan also added the shares to its Analyst Focus List as growth idea. The firm sees an attractive risk/reward profile given the company’s margin expansion and Coach revenue growth.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TPR:
- Tapestry price target raised to $115 from $112 at Bernstein
- Tapestry’s Strong Market Position and Growth Potential: A Buy Recommendation
- Positive Outlook for Tapestry: Buy Rating Amid Stock Pullback and Strong Q1 Performance
- Tapestry Reports Strong Q1 Earnings, Raises Outlook
- Tapestry’s Earnings Call: Record Growth and Future Outlook