Barclays Sees Sharp Upside In This Luxury Fashion Company - Read Why

  • Barclays analyst Adrienne Yih raised the price target on Tapestry Inc 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."
  • RelatedTapestry 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.
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