Wells Fargo lowered the firm’s price target on Tapestry (TPR) to $85 from $100 and keeps an Overweight rating on the shares. The firm adjusted ratings in retail cut 2026 earnings estimates well below the Street to reflect current tariff headwinds and assumptions for a mild recession. Both headwinds will begin impacting numbers in the second half of 2025, the analyst tells investors in a research note.
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Read More on TPR:
- Tapestry’s Strong Market Position and Growth Potential Justify Buy Rating
- Tapestry price target lowered to $84 from $98 at Goldman Sachs
- Tapestry price target lowered to $81 from $95 at Citi
- Tapestry upgraded to Positive from Mixed view at BWG Global
- Tapestry price target lowered to $74 from $88 at Raymond James