Evercore ISI Group Upgrades Tapestry to Outperform, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Michael Binetti upgraded Tapestry (NYSE:TPR) from In-Line to Outperform and increased the price target from $30 to $50.
February 05, 2024 | 11:35 am
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Tapestry upgraded to Outperform by Evercore ISI Group with a price target raised to $50.
The upgrade to Outperform and a significant increase in the price target by a reputable analyst like Michael Binetti suggests a strong bullish outlook for Tapestry. This is likely to positively influence investor sentiment and could lead to a short-term increase in TPR's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100