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.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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
- Positive Outlook on Tapestry’s EPS Growth Drives Buy Rating