Tapestry price target lowered to $125 from $130 at Evercore ISI

Evercore ISI lowered the firm’s price target on Tapestry (TPR) to $125 from $130 and keeps an Outperform rating on the shares. Shares saw a “healthy pullback” due to slightly below-expected EPS guidance, influenced by unexpected duty pressures, but this came after a “stellar” 74% year-to-date run in Tapestry’s stock price, the analyst tells investors. Despite tariffs, the underlying profit expansion is “noteworthy” and there’s still upside potential, especially with Coach’s momentum, the analyst added.