UBS analyst Jay Sole raised the firm’s price target on Tapestry (TPR) to $70 from $57 and keeps a Neutral rating on the shares. The firm’s conversations suggest the market has started to price in U.S. tax cuts, reduced government spending, and deregulation, but UBS still thinks the market still underestimates how these actions could supercharge apparel and footwear spending as well as sentiment, the analyst tells investors in a research note. Additionally, the market remains focused on tariff risk, but the firm’s analysis suggests Softline company earnings wouldn’t be majorly impacted.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TPR:
- Tapestry upgraded to Overweight from Equal Weight at Barclays
- 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