Tapestry: Uncertain Outlook With Visible Overhangs
TPRTapestry(TPR) Seeking Alpha·2024-08-27 09:51
Tom WernerInvestment summary My recommendation for Tapestry, Inc. (NYSE:TPR) is a hold rating. Given the uncertainties and visible overhangs around the stock, I expect the share price and valuation to be range-bound in the near term. While there have been some positive developments so far, there are still a lot of grounds for management to cover and show growth recovery before I am convinced that revenue is set to accelerate. Business Overview TPR is a designer and retailer of handbags, footwear, and ac ...