Wells Fargo raised the firm’s price target on Tapestry (TPR) to $75 from $65 and keeps an Overweight rating on the shares. Tapestry’s deal with Capri Holdings (CPRI) is officially terminated, and Tapestry is redeeming the deal debt and announced a $2B buyback, likely adding at least 75c to EPS, the analyst tells investors in a research note. The firm sees FY26 EPS power of around $6.00 and valuation upside to 15x, which drives a near-term bull case of $90.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TPR: