Tapestry Inc. (TPR) saw its stock price surge 6.51% during pre-market trading on Monday, following a significant analyst upgrade.
The sharp rise comes after BTIG raised its price target on Tapestry to $175 from $140 and maintained a Buy rating on the shares. This optimistic move by the firm, based on its view of the company's earnings prospects, likely fueled positive sentiment among investors, driving increased buying activity.
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