Tapestry Shares Fall After Earnings, JPMorgan Recommends Buying the Dip

Tapestry, the parent company of Coach handbags, saw its shares tumble 12% after its latest earnings report. JPMorgan advises clients to buy the dip, citing the potential for a rally driven by the Coach brand's revival.

8 May, 13:53 — 8 May, 13:53

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cnbcMostly Factual8h ago

Coach handbag parent tumbled 12% after earnings. JPMorgan tells clients to buy the dip

Tapestry shares should gain, despite their plunge Thursday. The revival of the Coach brand will underpin a likely rally, according to JPMorgan.

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Tapestry Shares Fall After Earnings, JPMorgan Recommends Buying the Dip

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Coach handbag parent tumbled 12% after earnings. JPMorgan tells clients to buy the dip

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