Coach-owner Tapestry agrees to $8.5B acquisition of Michael Kors parent

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Edward Jones downgrades Tapestry (TPR) on concerns surrounding Capri acquisition

August 11, 2023 11:00 AM EDT

Edward Jones removed their under review rating from Tapestry Inc. (NYSE: TPR) and downgraded the company to Hold (From Buy) while removing shares from the Edward Jones Stock Focus List.

We have concerns around the acquisition of Capri Holdings during a... More