Goldman Sachs Maintains Buy on Tapestry, Raises Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach has maintained a Buy rating on Tapestry (NYSE:TPR) and increased the price target from $47 to $52.
October 21, 2024 | 4:40 pm
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POSITIVE IMPACT
Goldman Sachs has reaffirmed its Buy rating on Tapestry and increased the price target to $52, indicating confidence in the company's future performance.
The increase in price target from $47 to $52 by a reputable firm like Goldman Sachs suggests a positive outlook for Tapestry's stock. This is likely to boost investor confidence and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100