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Why Tapestry Is Up 9% Today

TheMotleyFool

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Why Tapestry Is Up 9% TodayPhoto, wide shot, wide-angle lens, Fashion store, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.theapi.app/temp/4103ce22-87d6-4bef-ba44-0baf5ab280bb.png

Tapestry (NYSE: TPR), parent company of the Coach and Kate Spade luxury brands, saw its share price jump almost 10% today as of 12:40 p.m. EDT, after an analyst at Deutsche Bank laid out several positive developments.

DB analyst Paul Trussell upgraded his rating on Tapestry from hold to buy, and moved his price target up from $18 to $21, representing 25% upside from yesterday's closing share price.

Source Fool.com

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