Wells Fargo analyst Ike Boruchow maintains $Tapestry (TPR.US)$ with a buy rating, and maintains the target price at $65.
According to TipRanks data, the analyst has a success rate of 46.1% and a total average return of -2.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Tapestry (TPR.US)$'s main analysts recently are as follows:
The halted acquisition of a competitor simplifies the narrative for Tapestry, rendering it more straightforward. Despite intentions to challenge the decision, it is suggested that the company's management might be quietly relieved. This cessation of the deal brings the company's robust free cash flow generation back into the spotlight, and it is anticipated that share repurchases will recommence in fiscal 2025.
The recent court ruling in favor of a preliminary injunction to halt the proposed acquisition between two fashion companies is expected to impact the stock's performance, with the likelihood of the deal progressing appearing diminished. The focus is now shifting back to the core business fundamentals, with anticipation that two key brands under one of the companies will report strong results for fiscal Q1, despite the challenges faced by luxury brands in China. There is an expectation that the company's performance in China could notably contribute to the first fiscal quarter's positive outcome.
Note:
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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.
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富國集團分析師Ike Boruchow維持$Tapestry (TPR.US)$買入評級，維持目標價65美元。
根據TipRanks數據顯示，該分析師近一年總勝率為46.1%，總平均回報率為-2.8%。
此外，綜合報道，$Tapestry (TPR.US)$近期主要分析師觀點如下：
暫停收購競爭對手簡化了Tapestry的敘述，使其更加直截了當。儘管有意對這一決定提出質疑，但有人認爲該公司的管理層可能會鬆一口氣。該交易的終止使該公司強勁的自由現金流再次成爲人們關注的焦點，預計股票回購將在2025財年重新開始。
最近的法院裁決支持發佈初步禁令，停止兩家時裝公司之間的擬議收購，預計這將影響該股的表現，交易取得進展的可能性似乎減小。現在，焦點正在轉移到核心業務基本面上，儘管奢侈品牌在中國面臨挑戰，但預計其中一家公司旗下的兩個關鍵品牌將在第一財季公佈強勁的業績。預計該公司在中國的業績可能會爲第一財季的積極業績做出顯著貢獻。
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