Citi ("buy" rating, PT: $170) says Coach's growth outlook remains impressive despite slowdown, with reduced promotions and growing Gen Z clientele supporting durable growth.
Telsey Advisory Group ("outperform" rating, PT: $175) notes Coach's momentum across regions, customer gains and higher handbag prices show Tapestry's growth plan is working, while Kate Spade remains an opportunity rather than a near-term driver.
Jefferies ("hold" rating, PT: $144) calls forecast prudent on steady Coach demand and pricing strength; suggests growth can remain resilient despite tougher comparisons, leaving room for upside.
Morningstar says Coach continues to outperform peers but argues TPR still reflects overly optimistic growth expectations though Kate Spade turnaround remains elusive.
Tapestry TPR.N forecast muted annual sales on Thursday, as persistent weakness at Kate Spade overshadows Q4 earnings beat.
