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Why Tapestry Stock Is Cooling Off Despite Coach's Hot Streak
Benzinga· 2025-07-29 18:21
Tapestry, Inc. TPR stock declined Tuesday as analysts reassessed its valuation despite ongoing strength in the Coach brand.Bank of America Securities analyst Lorraine Hutchinson downgraded Tapestry from Buy to Hold on Tuesday, raising the price forecast from $95 to $115.Hutchinson observes that while the Coach brand is set to deliver several more quarters of strong growth, the stock's 66% year-to-date rally, far outpacing the S&P's 9%, has brought its valuation close to fair value.Also Read: Coach Parent Ta ...