BTIG raised the firm’s price target on Tapestry (TPR) to $175 from $140 and keeps a Buy rating on the shares. The firm views the company’s earnings report as “impressive.” The growth at Coach can be sustained, as it holds less than a 1% market share of the nearly 2B addressable consumer market, the analyst tells investors in a research note.
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- Tapestry price target raised to $160 from $140 at Baird
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