Tapestry Inc. (TPR) PT Lowered to $175 at BTIG

BTIG analyst Robert Drbul lowered the price target on Tapestry Inc. (NYSE: TPR) to $175.00 (from $180.00) while maintaining a Buy rating.

The analyst comments "International Opportunity Remains Significant... Approximately 70% of future growth is expected to come from international markets, reflecting the company's continued focus on expanding Coach outside North America. In China, the company highlighted ongoing market share gains, strong demand among younger consumers, and an opportunity to increase brand awareness through higher marketing investment. In Europe, the business remains relatively underpenetrated despite multiple years of double-digit growth, with management citing additional opportunities across existing and new markets."

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