Wells Fargo Maintains Overweight on Tapestry, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has maintained an Overweight rating on Tapestry (NYSE:TPR) but lowered the price target from $55 to $40.
September 11, 2023 | 2:42 pm
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Wells Fargo has maintained an Overweight rating on Tapestry but lowered the price target from $55 to $40.
The news is directly related to Tapestry (TPR). While the Overweight rating suggests that Wells Fargo expects the stock to outperform, the lowering of the price target may create some uncertainty among investors, potentially impacting the stock's short-term performance.
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