Jefferies Downgrades Tapestry to Hold, Announces $50 Price Target
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Ashley Helgans downgraded Tapestry (NYSE:TPR) from Buy to Hold and set a new price target of $50.

February 29, 2024 | 12:09 pm
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NEUTRAL IMPACT
Jefferies analyst Ashley Helgans downgraded Tapestry from Buy to Hold and set a new price target of $50.
The downgrade from Buy to Hold by a prominent analyst could lead to a neutral short-term impact on Tapestry's stock price. The setting of a $50 price target suggests a specific valuation expectation, but the downgrade indicates a tempered outlook on the stock's growth potential. Investors may react cautiously, leading to a neutral impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100