Barclays analyst Adrienne Yih downgraded Tapestry to Equal Weight from Overweight with a $43 price target. The analyst’s quarterly handbag promotional tacker suggests there could be demand risk in the accessory and handbag segment. The pressure of inflation is creeping to higher household income brackets, the firm tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on TPR:
- Here’s what Wall Street experts are saying about Nike ahead of earnings
- Tapestry initiated with an Outperform at Raymond James
- Nike price target raised to $127 from $120 at Morgan Stanley
- Tapestry upgraded to Buy from Neutral at Goldman Sachs
- Tapestry, Saia among small-cap stocks set for big gains, Barron’s says