Top 10 Newsworthy Upgrades and Downgrades

3. Tapestry, Inc. (NYSE:TPR)

Number of Hedge Fund Holders: 73

Tapestry, Inc. (NYSE:TPR) is one of the stocks that made it to our list of top 10 newsworthy upgrades and downgrades. On June 12, TD Cowen upgraded the company’s stock from “Hold” to “Buy,” lifting the price objective to $100 from the prior target of $90. The upgrade follows the ongoing brand strength of Coach and survey results, which have exhibited robust brand recognition and consumer preference. As per the firm, Tapestry, Inc. (NYSE:TPR)’s global growth strategy and customer data platform continue to enhance its marketing effectiveness.

Following the recent meeting with Tapestry, Inc. (NYSE:TPR)’s management, the firm demonstrated increased optimism about the sustainability of Coach’s growth and pricing strategies of Tapestry, Inc. (NYSE:TPR). In Q3 2025, the company delivered revenue of $1.6 billion, reflecting an increase of 7% as compared to the prior year, aided by Coach Brand Growth of 13%. The company saw healthy growth in handbag revenue and a mid-teens percentage rate AUR (average unit retail) gain at Coach, demonstrating compelling innovation and broad-based traction throughout the leather goods offering.

Tapestry, Inc. (NYSE:TPR) expects revenue of ~$6.95 billion in FY 2025, demonstrating growth of 4% as compared to the prior year on a reported basis. This includes an expected currency headwind of ~50 bps. This was ahead of the previous guidance of ~3% growth YoY.

Tapestry, Inc. (NYSE:TPR) is engaged in providing luxury accessories and branded lifestyle products.