Tapestry (NYSE:TPR) Hits New 12-Month High on Analyst Upgrade

Tapestry (NYSE:TPR) reached a new 52-week high after Telsey Advisory Group increased its price target to $175 and maintained an "outperform" rating. The company also surpassed quarterly earnings and revenue expectations, reporting $1.66 EPS against an estimated $1.30 and revenue of $1.92 billion, a 21.2% year-over-year increase. Despite recent insider share sales, analyst sentiment remains positive with a consensus "Moderate Buy" rating and an average price target of $175.44.