UBS analyst Jay Sole raised the firm’s price target on Tapestry to $45 from $38 and keeps a Neutral rating on the shares. Tapestry’s Q2 report was better than expectations, but Capri’s Q3 was below, though the firm still sees more downside than upside risk to the Street’s EPS outlook due to soft macro trends, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TPR:
- Tapestry (NYSE:TPR) Rises on Q2 Beat
- Tapestry raises FY24 view to $4.20-$4.25 from $4.10-$4.15, consensus $4.12
- Tapestry reports Q2 adjusted EPS $1.63, consensus $1.46
- Notable companies reporting before tomorrow’s open
- TPR Earnings this Week: How Will it Perform?
Questions or Comments about the article? Write to editor@tipranks.com