BMO Capital Maintains Market Perform on Tapestry, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Simeon Siegel has maintained a Market Perform rating on Tapestry (NYSE:TPR) but has reduced the price target from $43 to $39.
November 10, 2023 | 8:19 pm
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NEGATIVE IMPACT
BMO Capital maintains a Market Perform rating on Tapestry, but lowers the price target from $43 to $39, indicating a potential downside compared to the previous target.
The reduction in price target by BMO Capital suggests that the analyst sees less upside potential for Tapestry's stock price in the short term. This could lead to a negative investor sentiment and a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100