Tapestry price target raised to $130 from $115 at Raymond James

Raymond James raised the firm’s price target on Tapestry (TPR) to $130 from $115 and keeps an Outperform rating on the shares. Softlines and Digital Commerce names enter Q3 with rising revenue estimates, suggesting improving consumer momentum, the analyst tells investors in a research note. Tariff risk remains the key variable, as higher China tariffs could pressure margins, while FX shifts offer modest relief for Euro- and Pound-exposed companies, the firm says.