BUZZ-Street View: Tapestry reports solid sales boost from Coach

Reuters
02-07
BUZZ-Street View: Tapestry reports solid sales boost from Coach

** Coach handbag maker Tapestry TPR.N raised annual forecasts following Thursday's upbeat Q2 results, aided by strong demand and higher-priced sales

** At least seven brokerages raise their PTs on the stock

MIXED BAG: COACH STRONG, KATE SPADE LAGS

** Wells Fargo ("overweight"; PT raised to $100 from $90) says Coach's growth is the biggest surprise this holiday thus far, notes bullish case on Coach moves from a narrative to an actuality

** BofA ("buy"; PT raised to $95 from $75) says the company's Kate Spade brand turnaround will take time and incremental marketing spend will drive selling, general and administrative costs above sales growth

** UBS ("neutral"; PT raised to $80 from $70) sees more upside risk to the stock, on uncertainty around macro environment in the coming months

** Guggenheim ("buy"; PT raised to $90 from $70) believes the global growth can be sustained, with ongoing strength in North America, traction in Europe and opportunities in China

** Jefferies ("buy"; PT raised to $95 from $83) believes investments afforded by the company's margins could turn Kate Spade around, sees guidance to prove conservative, given momentum

(Reporting by Neil J Kanatt in Bengaluru)

((Neil.JKanatt@thomsonreuters.com;))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10