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Fly News Breaks for February 6, 2018
TPR
Feb 6, 2018 | 12:22 EDT
As previously reported, Piper Jaffray analyst Erinn Murphy upgraded Tapestry to Overweight from Neutral, calling the company's Q2 results "a strong step in the right direction." Murphy, who cites evidence of gross margin pressure lessening for Coach along with better sales traction, raised her estimates following the company's report and increased her price target on the stock to $54 from $48.
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