Cowen Reiterates Outperform Rating on Tapestry Inc. (TPR) Following Meeting with Management

Cowen analyst Oliver Chen reiterated an Outperform rating and $52.00 price target on Tapestry Inc. (NYSE: TPR) following a meeting with the company's management.

The analyst notes: "Greater brand clarity, revamped talent, inventory efficiency, & community-driven-marketing should drive revenue and margins at Kate Spade(~20% of TPR revenue). Digital, North America, and Japan have the biggest upside, and China is a longer-term opportunity. Reiterate Outperform."

For an analyst ratings summary and ratings history on Tapestry Inc. click here. For more ratings news on Tapestry Inc. click here.

Shares of Tapestry Inc. closed at $41.17 yesterday.

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