Barclays raised the firm’s price target on Tapestry (TPR) to $105 from $98 and keeps an Overweight rating on the shares. The firm says its quarterly handbag promotion tracker indicates Tapestry’s Coach and Coach Outlet brands of continue to show “exceptional execution.” It sees another quarter of gross margin upside driven by full price selling for the company. Tapestry remains one of Barclays’ top ideas.
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