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Fly News Breaks for February 3, 2020
TPR
Feb 3, 2020 | 16:37 EDT
BMO Capital analyst Simeon Siegel initiated coverage of Tapestry with a Market Perform rating and $28 price target. The analyst notes that he has a "constructive lean" on the stock given the company's pivot away from dilutive comps with focus on acquiring other brands, but he would like to see more evidence of a turnaround at its Kate Spade segment.
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