Companies in the Services sector have received a lot of coverage today as analysts weigh in on Tapestry (TPR) and Designer Brands (DBI).
Tapestry (TPR)
In a report released today, Ike Boruchow from Wells Fargo maintained a Buy rating on Tapestry. The company’s shares closed last Friday at $13.91, close to its 52-week low of $10.51.
According to TipRanks.com, Boruchow is a 1-star analyst with an average return of -5.2% and a 39.6% success rate. Boruchow covers the Services sector, focusing on stocks such as Signet Jewelers, Capri Holdings, and TJX Companies.
Tapestry has an analyst consensus of Moderate Buy, with a price target consensus of $26.93, which is a 90.0% upside from current levels. In a report issued on March 23, Needham also maintained a Buy rating on the stock with a $18.00 price target.
See today’s analyst top recommended stocks >>
Designer Brands (DBI)
Wells Fargo analyst Tom Nikic downgraded Designer Brands to Sell today. The company’s shares closed last Friday at $6.13.
According to TipRanks.com, Nikic is ranked #4768 out of 6213 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Designer Brands with a $9.33 average price target.
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