Coach handbag parent tumbled 12% after earnings. JPMorgan tells clients to buy the dip
Tapestry is trading at an attractive level after its fiscal third-quarter earnings report added to investor concerns around demand for affordable luxury fashion, making now a good time to buy shares of the Coach owner, according to JPMorgan. The investment bank has an overweight rating on Tapestry, which also owns Kate Spade New York, and …