BofA raised the firm’s price target on Tapestry (TPR) to $95 from $75 and keeps a Buy rating on the shares. Q2 results surpassed expectations and management raised FY25 guidance “across the board,” notes the analyst, who views Tapestry as “well-positioned for sustainable, profitable growth.” The firm raised its FY25 and FY26 EPS estimates by 8% and 5% to $4.89 and $5.19, respectively.
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