BTIG initiated coverage of Tapestry (TPR) with a Buy rating and $140 price target The firm, which thinks that Coach is on track to be a $10B brand in time and has a clear path to achieve “best in class” margins, argues that Tapestry “deserves and has earned a seat at the luxury table,” the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TPR:
- Positive Outlook on Tapestry’s EPS Growth Drives Buy Rating
- Tapestry Board Member JP Bilbrey to Step Down
- Tapestry price target raised to $120 from $115 at Morgan Stanley
- Tapestry’s Strategic Growth and Shareholder Value Commitment: A Buy Rating by Brooke Roach
- Tapestry price target raised to $115 from $110 at BofA