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Tapestry assumed with an Equal Weight at Morgan Stanley
The Fly

Tapestry assumed with an Equal Weight at Morgan Stanley

Morgan Stanley analyst Alex Straton assumed coverage of Tapestry with an Equal Weight rating with a price target of $41, up from $36, after Q2 EPS that the firm says "came in better-than-feared." While the company’s fiscal year guidance raise "stands out against peers," sales declines in North America, China uncertainty and macro risks keep the risk-reward balanced, the analyst tells investors.

Published first on TheFly

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