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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Wall Street analysts largely framed the pullback as profit-taking rather than a fundamental shift in the outlook.
Tapestry said costs from higher duties will total $160 million for the full year and hit its profit outlook.
CNBC's Jim Cramer on Monday explained what he thinks is driving the stock of Tapestry, a company known for brands like Coach and…
Friday's big decline has JPMorgan traders telling clients to buy the dip, but not without protection.
TD Cowen sees shares of Tapestry surging 22% from their Wednesday close.
CNBC's Jim Cramer made the remarks on "Squawk on the Street" on Wednesday.
