Jefferies analyst Ashley Helgans upgraded Tapestry (TPR) to Buy from Hold with a price target of $80, up from $50. With Capri deal in rearview, the market will view Tapestry as a quality name given its improving sales growth, expanding margins and buyback, while driving a low-double-digit EPS CAGR, the analyst tells investors in a research note. The firm also calls the stock is “Top Pick” for 2025 as it expects Tapestry management to continue executing well and the stock’s valuation to grind higher.
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