TD Cowen reaffirmed its Buy rating and $120 price target for Tapestry Inc. (TPR) after a meeting with the CEO and CFO and a visit to the company's facilities. This reaffirmation followed Tapestry's strong first-quarter fiscal 2026 results, which saw a 16% sales increase and 35% EPS growth, largely driven by the Coach brand. While acknowledging Kate Spade as a &#34;work-in-progress,&#34; TD Cowen expressed confidence in the company's &#34;One Coach&#34; strategy and inventory management improvements.

<p>TD Cowen 重申了对 Tapestry Inc.（TPR）的买入评级和 120 美元的目标价，此次重申是在与首席执行官和首席财务官会面以及参观公司设施后进行的。这一重申是在 Tapestry 发布强劲的 2026 财年第一季度业绩后进行的，该季度销售额增长了 16%，每股收益增长了 35%，主要受到 Coach 品牌的推动。尽管承认 Kate Spade 仍处于 “持续改进” 中，TD Cowen 对公司的 “One Coach” 战略和库存管理的改善表示了信心</p>

TD Cowen 在与 Tapestry（TPR）首席执行官会面后重申了对该公司的买入评级