Tapestry''s Outlook Offers ''An Encouraging Sign,'' Says This Analyst
Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on Tapestry Inc (NYSE: TPR ) with a price target of $46.00. The analyst said that the company’s slight bottom-line beat ($0.78 versus the estimate of $0.77) came from better expense deleverage, as sales and gross margin performance for the quarter came in below consensus. Incremental freight expense was a … Full story available on Benzinga.com
Tapestry''s Outlook Offers ''An Encouraging Sign,'' Says This Analyst
Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on Tapestry Inc (NYSE: TPR ) with a price target of $46.00. The analyst said that the company’s slight bottom-line beat ($0.78 versus the estimate of $0.77) came from better expense deleverage, as sales and gross margin performance for the quarter came in below consensus. Incremental freight expense was a … Full story available on Benzinga.com