Wells Fargo raised the firm’s price target on Tapestry (TPR) to $135 from $120 and keeps an Overweight rating on the shares, but acknowledges a tricky setup into Q1. While Coach momentum is undeniable today, the main concern is just how high buyside expectations may be and how to balance near-term risk/reward, the firm says.
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Read More on TPR:
- Tapestry price target raised to $135 from $125 at Jefferies
- Optimistic Buy Rating for Tapestry: Anticipated EPS Beat and Upward Guidance Revision
- Tapestry price target raised to $130 from $115 at Raymond James
- Tapestry initiated with a Buy at BTIG
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