Barclays analyst Adrienne Yih upgraded Tapestry (TPR) to Overweight from Equal Weight with a price target of $87, up from $57. The company’s brand positioning poised to gain market share, the analyst tells investors in a research note. The firm also highlights Tapestry’s “disciplined” management of inventory and growing customer acquisition in target demographics. Barclays believes total shareholder return focus will drive earnings growth.
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