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Tapestry price target raised to $100 from $90 at Wells Fargo

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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