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 重申了對 Tapestry Inc.（TPR）的買入評級和 120 美元的目標價，此次重申是在與首席執行官和首席財務官會面以及參觀公司設施後進行的。這一重申是在 Tapestry 發佈強勁的 2026 財年第一季度業績後進行的，該季度銷售額增長了 16%，每股收益增長了 35%，主要受到 Coach 品牌的推動。儘管承認 Kate Spade 仍處於 “持續改進” 中，TD Cowen 對公司的 “One Coach” 戰略和庫存管理的改善表示了信心</p>

TD Cowen 在與 Tapestry（TPR）首席執行官會面後重申了對該公司的買入評級