Tapestry, Inc.

(New York Stock Exchange)
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Slightly Bullish +25

Analysts Offer Insights on Consumer Cyclical Companies: Kontoor Brands (KTB), Tapestry (TPR) and Rush Enterprises A (RUSHA)

AI-generated analysis

πŸ’° Analysts express optimism regarding Kontoor Brands (KTB), Tapestry (TPR), and Rush Enterprises A (RUSHA) within the Consumer Cyclical sector.

πŸ“ˆ Wells Fargo maintains a Buy rating on Kontoor Brands with a $100.00 price target, significantly above its recent closing price of $72.05.

πŸ’Ž The overall consensus for Kontoor Brands is Strong Buy with an average price target of $96.13, suggesting 37.0% upside potential.

πŸ‘— TD Cowen upgraded Tapestry to a Buy rating with a price target of $175.00, reflecting 15.3% upside from current levels.

πŸ’Ό Raymond James and TipRanks also support Tapestry with Buy ratings and targets near $165.00-$168.36 respectively.

πŸš› Bank of America Securities reiterated a Buy rating on Rush Enterprises A with a price target of $83.00.

πŸ† Analyst Andrew Obin at Bank of America is a top 100 performer with a 21.3% average return and 69.9% success rate covering the Industrial Goods sector.

πŸ’Ό Rush Enterprises A carries a Strong Buy consensus with an average price target of $81.00, offering a 5.8% upside.

πŸ“Š Wolfe Research initiated coverage on Rush Enterprises A with a Buy rating and a higher price target of $88.00.

πŸ”„ Kontoor Brands recently declared a quarterly dividend following recent governance changes to the company.

πŸ‘” The Wrangler and Chaco brands have partnered for a new apparel and footwear collection, signaling product strategy expansion.

πŸ’Ό CFO Joseph Alkire has been promoted to an expanded global leadership role within Kontoor Brands.

πŸ“ Recent earnings call highlights indicated both growth opportunities and associated risks for Kontoor Brands.

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Bullish Signals
  • Analysts maintain a Strong Buy consensus on Kontoor Brands (KTB) with an average price target of $96.13, representing a 37.0% upside potential from current levels.
  • Wells Fargo analyst Ike Boruchow reiterated a Buy rating on KTB with a $100.00 price target, significantly above the recent closing price of $72.05.
  • Analysts maintain a Strong Buy consensus on Tapestry (TPR) with an average price target of $168.36, indicating a 15.3% upside from current trading levels.
  • TD Cowen analyst Oliver Chen maintained a Buy rating on TPR with a $175.00 price target, while Raymond James also confirmed their Buy stance at $165.00.
  • Analysts maintain a Strong Buy consensus on Rush Enterprises A (RUSHA) with a price target of $81.00, offering a 5.8% upside from current prices.
  • Bank of America analyst Andrew Obin reiterated a Buy rating on RUSHA with an $83.00 price target, backed by a high 69.9% historical success rate.
  • Wolfe Research initiated coverage on Rush Enterprises A with a Buy rating and an $88.00 price target, showing fresh institutional interest.
Risk Factors
  • The article contains no negative aspects or risks for Tapestry (TPR) because the provided text exclusively highlights positive analyst upgrades, price targets, and consensus ratings.
  • There are no financial risks, regulatory concerns, or downside catalysts mentioned in the content regarding Tapestry.
Full Analysis
Analysts have expressed bullish sentiments towards several consumer cyclical companies, with specific focus on Kontoor Brands (KTB), Tapestry (TPR), and Rush Enterprises A (RUSHA). Wells Fargo analyst Ike Boruchow maintained a Buy rating on Kontoor Brands, setting a price target of $100.00, while the company's shares closed at $72.05. The overall analyst consensus for Kontoor Brands is a Strong Buy with an average price target of $96.13, representing a potential 37.0% upside from current levels. TipRanks data notes that Boruchow is a 3-star analyst with a 47.7% success rate, and recent reports from both Wells Fargo and TipRanks have reiterated the Buy rating. TD Cowen analyst Oliver Chen maintains a Buy rating on Tapestry with a price target of $175.00, compared to the stock's closing price of $143.84. Chen is rated as a 4-star analyst by TipRanks with a 50.0% success rate and covers major luxury brands including Canada Goose Holdings. The consensus for Tapestry remains Strong Buy with an average price target of $168.36, indicating a 15.3% upside potential. This sentiment is supported by a previous report from Raymond James on April 23, which also maintained a Buy rating with a $165.00 price target. Bank of America Securities analyst Andrew Obin reiterated a Buy rating for Rush Enterprises A and set a price target of $83.00, following the stock's closing at $75.31. Obin is recognized as a top 100 analyst with an impressive 69.9% success rate and an average return of 21.3%. The current consensus for Rush Enterprises A is a Strong Buy with a price target of $81.00, offering a 5.8% upside. Wolfe Research initiated coverage on April 26 with a Buy rating and an $88.00 price target. Additionally, Kontoor Brands has recently announced quarterly dividend declarations following governance changes, appointed Joseph Alkire as its expanded global CFO, and highlighted growth during earnings calls, while also planning a collaboration between Wrangler and Chaco for apparel and footwear collections.