UBS Maintains Neutral Rating for Tapestry: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UBS has maintained its Neutral rating for Tapestry (NYSE:TPR) but lowered its price target from $44.00 to $39.00. Tapestry's shares are currently trading down 1.54% at $31.75 per share. A move to $39.00 would represent a 22.82% increase from the current share price.
September 07, 2023 | 5:00 pm
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NEGATIVE IMPACT
UBS has maintained its Neutral rating for Tapestry but lowered its price target. This could potentially impact the stock's performance in the short term.
The lowering of the price target by UBS could potentially lead to a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained Neutral rating indicates that UBS does not expect significant changes in the stock's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100