UBS Raises Tapestry to Buy, Sees 43% Upside on Coach Momentum and AI Positioning
UBS upgraded its rating on Tapestry to Buy from Neutral and boosted its price target by 32% to $187. The bank pointed to accelerating performance at the Coach brand, better-than-expected Gen-Z customer acquisition, rapid growth in Greater China, and Tapestry's place among top AI deployers in retail as the drivers behind the upgrade. UBS raised mult…