01:20 PM EST, 01/05/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We maintain our 12-month price target of $110, based on 20x our FY 26 EPS estimate and well above the company's three-year average forward P/E multiple of 12.4x, reflecting our view of improved fundamentals and outperformance of main competitor Capri Holdings Ltd (CPRI 25 **). We maintain our FY 26 and FY 27 EPS estimates at $5.50 and $6.00, respectively. After a 40% rally off its post-earnings low we now view shares as overvalued. TPR is trading at 23x consensus EPS estimates for FY 26 and nearly 2x its three-year average forward P/E multiple. Although we believe the company is executing well and outperforming peers, it is our opinion that continued upside is unlikely given high growth expectations for the next two years and a 10-year high forward P/E multiple. We see underperformance in share price relative to peers in 2026 and find it hard to see significant operating margin expansion or above-consensus revenue growth from these levels.