Jefferies analyst Ashley Helgans raised the firm’s price target on Tapestry (TPR) to $135 from $125 and keeps a Buy rating on the shares. The firm remains Buy based on “strong” fiscal Q1 alt data, but removes Tapestry from its list of 20025 top picks given valuation and tougher comparisons ahead for Coach in North America, the analyst tells investors in a Q3 preview for the Fashion Brands group.
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