UBS raised its target and kept a Buy rating, citing possible earnings-per-share upside. This supports a positive read, but the expected upside has not appeared in reported results.
The change signals slightly greater confidence from UBS that Tapestry could earn more per share. But this is an analyst expectation, not evidence that Tapestry’s sales or profits have already improved.
Follow Tapestry, Inc. (TPR) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for TPR