Information Provided By:
Fly News Breaks for August 16, 2019
Aug 16, 2019 | 07:44 EDT
Cowen analyst Oliver Chen lowered his price target on Tapestry to $22 from $34 following Q4 results. The analyst noted its lowered guidance which brings earnings down to flat versus expectations for double digit growth with its Kate Spade division needing more distinctive newness in the outlet channel. Chen maintained his Buy rating on Tapestry shares as management addresses challenges at Kate Spade.