Tapestry price target raised to $180 from $175 at BTIG

BTIG raised the firm’s price target on Tapestry (TPR) to $180 from $175 and keeps a Buy rating on the shares ahead of its Q3 results. The firm anticipates 11.8% revenue growth, driven by a continued strength at COACH, and 80 basis points of operating margin expansion vs. the prior year, even as gross margins continue to face headwinds from U.S. tariffs, the analyst tells investors in a research note.