Analysts Are Neutral on Top Services Stocks: Tapestry Inc (TPR), Party City Holdco (PRTY)


Analysts fell to the sidelines weighing in on Tapestry Inc (TPR) and Party City Holdco (PRTY) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Tapestry Inc (TPR)

In a report released today, Kimberly Greenberger from Morgan Stanley maintained a Hold rating on Tapestry Inc, with a price target of $23. The company’s shares closed last Monday at $19.81, close to its 52-week low of $18.54.

According to TipRanks.com, Greenberger is a 5-star analyst with an average return of 11.0% and a 62.5% success rate. Greenberger covers the Services sector, focusing on stocks such as Capri Holdings Limited, Urban Outfitters, and Hudson Limited.

Currently, the analyst consensus on Tapestry Inc is a Moderate Buy with an average price target of $29.07, representing a 54.6% upside. In a report released yesterday, Credit Suisse also downgraded the stock to Hold with a $22 price target.

See today’s analyst top recommended stocks >>

Party City Holdco (PRTY)

Morgan Stanley analyst Simeon Gutman maintained a Hold rating on Party City Holdco today and set a price target of $5. The company’s shares closed last Monday at $4.38, close to its 52-week low of $4.07.

According to TipRanks.com, Gutman is a 1-star analyst with an average return of -0.8% and a 44.9% success rate. Gutman covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Advance Auto Parts, and Michaels Companies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Party City Holdco with a $8 average price target.

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