BUZZ-Tapestry rises after Barclays upgrades to 'overweight'

** Shares of Coach parent Tapestry TPR.N up 2.27% at $68.89 in premarket trading

** Barclays upgrades stock to "overweight" from "equal weight", raises PT to $87 from $57

** Tapestry in the "sweet spot" to gain market share across premium and moderately priced handbags especially among younger customers - Barclays

** Additional tailwinds for the company include disciplined inventory management, growth in customer acquisition and retention, brokerage adds

** 14 of 22 brokerages rate the stock "buy" or higher, 8 "hold"; their median PT is $70 - LSEG data

** TPR stock up 77.5% in 2024

(Reporting by Kanchana Chakravarty in Bengaluru)

((Kanchana.Chakravarty@thomsonreuters.com))