Merrill Lynch analyst Lorraine Hutchinson maintained a Buy rating on Tapestry Inc (TPR) yesterday and set a price target of $28. The company’s shares closed last Monday at $25.58.
According to TipRanks.com, Hutchinson is a 2-star analyst with an average return of 0.8% and a 50.5% success rate. Hutchinson covers the Services sector, focusing on stocks such as Capri Holdings Limited, Children’s Place, and Urban Outfitters.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tapestry Inc with a $28 average price target, which is a 9.5% upside from current levels. In a report released yesterday, Guggenheim also maintained a Buy rating on the stock.
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The company has a one-year high of $51.29 and a one-year low of $18.54. Currently, Tapestry Inc has an average volume of 5.22M.
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Tapestry, Inc. engages in the provision of luxury accessories and lifestyle brands. It operates through the following segments: Coach, Kate Spade, Stuart Weitzman, and Corporate.
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