Barclays analyst Adrienne Yih upgraded Tapestry (TPR) to Overweight from Equal Weight with a price target of $87, up from $57. The company’s brand positioning poised to gain market share, the analyst tells investors in a research note. The firm also highlights Tapestry’s “disciplined” management of inventory and growing customer acquisition in target demographics. Barclays believes total shareholder return focus will drive earnings growth.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TPR:
- Tapestry price target raised to $78 from $60 at Bernstein
- Micron sinks on guidance, TripAdvisor to buy Liberty TripAdvisor: Morning Buzz
- Micron downgraded, Block upgraded: Wall Street’s top analyst calls
- Tapestry upgraded to Buy from Hold at Jefferies
- Tapestry price target raised to $75 from $66 at JPMorgan