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Fly News Breaks for June 25, 2018
PVH, VFC, TIF, TPR
Jun 25, 2018 | 07:06 EDT
Goldman Sachs analyst Alexandra Walvis initiated Tapestry added Tapestry to the Americas Conviction List, telling investors in a research note that she sees an undervalued growth story with an attractive risk/reward profile and attractive valuation. Walvis contends that Kate Spade is poised for an inflection in growth, Coach's brand is "healthy," and these tailwinds "outstrip" challenges at Stuart Weitzman. This morning, Walvis also initiated shares of Tiffany (TIF) and VFC (VFC) with a Buy and PVH (PVH) with a Sell.
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