Wells Fargo raised the firm’s price target on Tapestry (TPR) to $100 from $90 and keeps an Overweight rating on the shares. Considering China tariffs being lowered to 30% from 145% and the ramifications this should have on the space, the firm again re-scrubs its models and updates estimates to incorporate all relevant variables at this time.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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 $98 from $83 at Barclays
- Balanced Outlook for Tapestry: Growth Opportunities Amidst Valuation and Cost Challenges
- Tapestry price target raised to $80 from $78 at BMO Capital
- Tapestry price target raised to $73 from $68 at UBS
- Tapestry price target raised to $94 from $81 at Citi
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue