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.
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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