Tapestry leans on Coach for growth, but stock appears fairly valued - BofA

13 hours ago 1
TheCoach front store, the original house of leather, for luxury bags, wallets, ready-to-wear and more, at Narita International Airport, Chiba, Japan.

Sitthipong Pengjan/iStock Editorial via Getty Images

Coach will continue to fuel growth for Tapestry (NYSE:TPR) and the Summer Sale will illustrate the strength of the brand. But the 65% year-to-date surge in Tapestry’s stock price coupled with the timing of tariff mitigation efforts led BofA Securities to

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