Bernstein analyst Aneesha Sherman raised the firm’s price target on Tapestry (TPR) to $115 from $112 and keeps an Outperform rating on the shares. The firm acknowledges that following a strong Q1 and robust Q2 guide, the deceleration in the second half of the year growth guide is again raising concerns on sustainable growth. Bernstein reaffirms its bullish view on Coach’s prospects, and would be buying the stock’s recent dip.
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