Telsey Advisory Group Maintains Outperform on Tapestry, Lowers Price Target to $49
Portfolio Pulse from richadhand@benzinga.com
Telsey Advisory Group has maintained its 'Outperform' rating on Tapestry (NYSE:TPR), but has lowered the price target from $54 to $49.
August 11, 2023 | 9:11 am
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Tapestry's price target has been lowered from $54 to $49 by Telsey Advisory Group, though the 'Outperform' rating is maintained.
The lowering of the price target by Telsey Advisory Group could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative sentiment.
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IMPORTANCE 80
RELEVANCE 100