On Nov 08, major Wall Street analysts update their ratings for $Tapestry (TPR.US)$, with price targets ranging from $52 to $65.
BofA Securities analyst Lorraine Hutchinson maintains with a buy rating, and sets the target price at $60.
Wells Fargo analyst Ike Boruchow maintains with a buy rating, and maintains the target price at $65.
TD Cowen analyst Oliver Chen maintains with a hold rating, and maintains the target price at $52.
Baird analyst Mark Altschwager maintains with a buy rating, and adjusts the target price from $50 to $58.
Bernstein analyst Aneesha Sherman maintains with a buy rating, and maintains the target price at $60.
Furthermore, according to the comprehensive report, the opinions of $Tapestry (TPR.US)$'s main analysts recently are as follows:
The firm has increased its estimates as the Coach brand's rising popularity continues to secure market share gains, fueled by direct-to-consumer growth in North America and results from China that surpassed expectations. Additionally, a focus on operational discipline is aiding the stability and potential improvement of Kate profits despite the challenges on revenue.
Here are the latest investment ratings and price targets for $Tapestry (TPR.US)$ from 5 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
