BofA raised the firm’s price target on Tapestry (TPR) to $115 from $110 and keeps a Neutral rating on the shares. Tapestry guided to low-teens percentage total stock return from FY26-FY28, which was “a little better than we had modeled,” the analyst tells investors following the company’s analyst day. The firm is raising its FY27 and FY28 EPS estimates by 2% to reflect higher buybacks, store opening contribution and tariff mitigation and thinks the Coach brand has “several more quarters of outsized growth ahead,” but adds that tariff headwinds will weigh on earnings.
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