Evercore ISI analyst Michael Binetti raised the firm’s price target on Tapestry (TPR) to $150 from $129 and keeps an Outperform rating on the shares. Despite a crowded position and high expectations, new growth drivers are “not fully priced in yet,” argues the analyst, who raised the firm’s Q2 EPS forecast to $2.30. The firm also raised FY26-FY28 EPS estimates, with “a potential upside case” seen for FY28 EPS at $8.00.
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