On Oct 26, major Wall Street analysts update their ratings for $Tapestry (TPR.US)$, with price targets ranging from $63 to $66.
J.P. Morgan analyst Matthew Boss maintains with a buy rating, and adjusts the target price from $51 to $66.
BofA Securities analyst Lorraine Hutchinson maintains with a buy rating.
Wells Fargo analyst Ike Boruchow maintains with a buy rating, and maintains the target price at $65.
Evercore analyst Michael Binetti maintains with a buy rating, and adjusts the target price from $47 to $63.
Furthermore, according to the comprehensive report, the opinions of $Tapestry (TPR.US)$'s main analysts recently are as follows:
The impediment of the Capri Holdings acquisition is seen as beneficial for Tapestry, allowing the company to concentrate on its reliable, high-margin, and strong cash flow generating operations instead of attempting to revitalize a floundering brand. The company is now positioned to reduce the debt incurred for the transaction and revert to a strategy focused on overall shareholder returns, characterized by a consistent and increasing dividend combined with substantial share repurchases.
The unsuccessful acquisition attempt of Capri Holdings has streamlined the narrative for Tapestry, offering a 'cleaner' outlook. Despite intentions to appeal the decision, it's possible that the management is quietly relieved. This development redirects attention to Tapestry's robust capacity to generate free cash flow, and it's anticipated that the company will recommence share repurchases in fiscal 2025.
Following a court ruling that supports the FTC in preliminarily blocking the acquisition of Capri Holdings by Tapestry, expectations have shifted, indicating that the stock may respond as if the deal will not proceed. Despite the ongoing appeal process, attention is turning back to company fundamentals. It is anticipated that both Coach and Kate Spade delivered strong performances in the first fiscal quarter, with results due on November 7. Notably, despite the challenges faced by luxury brands in China, Coach's performance in the region may provide a positive surprise for the quarter.
Here are the latest investment ratings and price targets for $Tapestry (TPR.US)$ from 4 analysts:
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美東時間10月26日，多家華爾街大行更新了$Tapestry (TPR.US)$的評級，目標價介於63美元至66美元。
摩根大通分析師Matthew Boss維持買入評級，並將目標價從51美元上調至66美元。
美銀證券分析師Lorraine Hutchinson維持買入評級。
富國集團分析師Ike Boruchow維持買入評級，維持目標價65美元。
Evercore分析師Michael Binetti維持買入評級，並將目標價從47美元上調至63美元。
此外，綜合報道，$Tapestry (TPR.US)$近期主要分析師觀點如下：
對於 tapestry，capri holdings 收購的障礙被視爲有利的，使公司能夠專注於可靠的、高利潤且強大的現金流產生業務，而不是試圖振興一個搖搖欲墜的品牌。公司現在有望減少因交易而產生的債務，並重新回歸專注於總體股東回報的策略，特點是持續增長的股息結合大量股份回購。
capri holdings 未成功收購嘗試已簡化了 tapestry 的敘事，提供了一個 「更清晰」的展望。儘管有意提起申訴，但管理層可能正在悄悄鬆了一口氣。這一發展將注意力轉向 tapestry 具有強大自由現金流產能的能力，預計公司將於 2025 財年恢復股份回購。
在支持聯邦貿易委員會初步阻止 tapestry 收購 capri holdings 的法院裁決後，預期發生了轉變，表明股票可能會作出回應，好像該交易將不會繼續進行。儘管上訴程序仍在進行中，但注意力正在重新轉向公司基本面。預計 Coach 和 Kate Spade 在第一個財季表現強勁，結果將於 11 月 7 日公佈。值得注意的是，儘管奢侈品品牌在中國面臨挑戰，但 Coach 在該地區的表現可能爲本季度帶來積極的驚喜。
以下爲今日4位分析師對$Tapestry (TPR.US)$的最新投資評級及目標價：
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分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
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