Goldman Sachs Downgrades Tapestry Inc. (TPR) to Neutral

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August 16, 2019 3:39 AM EDT
Get Alerts TPR Hot Sheet
Price: $45.42 +0.80%

Rating Summary:
    19 Buy, 9 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 8 | New: 31
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Goldman Sachs analyst Alexandra Walvis downgraded Tapestry Inc. (NYSE: TPR) from Conviction Buy to Neutral with a price target of $24.00 (from $43.00).

  • Steps aside as Kate Spade turnaround falters.
  • Says weak Q1 report signals a longer road to recovery for Kate Spade.

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 $19.45 yesterday.


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