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

Reuters2025-02-07

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;))

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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</p><p>** 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</p><p>** UBS (\"neutral\"; PT raised to $80 from $70) sees more upside risk to the stock, on uncertainty around macro environment in the coming months</p><p>** 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</p><p>** 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</p><p> (Reporting by Neil J Kanatt in Bengaluru)</p><p> ((Neil.JKanatt@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TPR","symbol_name":"Tapestry Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250207:nL4N3OY15O:1","article_id":"2509749691","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2509749691","pubTimestamp":1738936871,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"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 stockMIXED BAG: COACH STRONG, KATE SPADE LAGS** Wells Fargo  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  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  sees more upside risk to the stock, on uncertainty around macro environment in the coming months** Guggenheim  believes the global growth can be sustained, with ongoing strength in North America, traction in Europe and opportunities in China** Jefferies  believes investments afforded by the company's margins could turn Kate Spade around, sees guidance to prov","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TPR":"Tapestry Inc.","JEF":"杰富瑞"},"translate_title":"BUZZ街景：Tapestry报告Coach销量强劲增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TPR":0.9,"JEF":0.9},"content_text":"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 stockMIXED 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;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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