Barclays Sees Sharp Upside In This Luxury Fashion Company - Read Why - Tapestry (NYSE:TPR)

Barclays analyst Adrienne Yih raised the price target on Tapestry Inc (NYSE:TPR) to $51 from $48 and kept an Overweight rating on the shares, implying a 30.17% upside.
Yih said that the company demonstrated positive demand trends across its brands in fiscal Q2 and its outlook for fiscal 2022 "remains robust."
Related: Tapestry Q2 Earnings Top Estimates; Raises FY22 Outlook
Price Action: TPR shares are trading higher by 0.20% at $39.26 in premarket on the last check Monday.

To add Benzinga News as your preferred source on Google, click here.