macro

Wells Fargo keeps Tapestry at Overweight but cuts price target to $150

Wells Fargo kept its Overweight rating on Tapestry while lowering the price target from $160 to $150, according to TradingView, citing Benzinga data.

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what happened

According to TradingView, Wells Fargo kept its Overweight rating on Tapestry shares and reduced its price target from $160 to $150, a 6.2% cut. The new target implies a 34.8% upside from the October 28 close of $111.24.

Across the three most recent analyst notes over the past 30 days, targets for the stock range from $140 to $200. Baird maintained Outperform with a $150 target on October 27, UBS kept its Buy rating with a $200 target on October 20, and Raymond James maintained Outperform with a $140 target on October 16. Price target data is provided by Benzinga.

why it matters

The signal is moderate. The rating stays positive, but the lower target suggests analysts have become more cautious. The story concerns a single company and is a routine analyst update, so its broader market impact is limited.

tags

instruments

Tapestry

sources

  1. Wells Fargo maintains Tapestry at Overweight, lowers price target to $150 from $160 — TradingView, 29 October 2026 at 13:30 UTC
  2. Wells Fargo maintains Sprouts Farmers Market at Overweight, lowers price target to $60 from $100 — TradingView, 29 October 2026 at 13:38 UTC
  3. Wells Fargo maintains Rush Street Interactive at Overweight, lowers price target to $26 from $36 — TradingView, 29 October 2026 at 13:44 UTC
  4. Wells Fargo maintains KLA at Overweight, lowers price target to $210 from $245 — TradingView, 29 October 2026 at 14:43 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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