Tapestry price target raised to $80 from $78 at BMO Capital

BMO Capital raised the firm’s price target on Tapestry (TPR) to $80 from $78 and keeps a Market Perform rating on the shares. The company reported a top- and bottom-line beat, as better revenues flowed through to continued gross margin strength, the analyst tells investors in a research note. BMO adds that Coach continues to outperform, continually elevating its brand.