Investing.com -- BTIG initiated coverage on retail and apparel companies with Buy ratings, highlighting recovery prospects at Nike, brand momentum at Tapestry and Ralph Lauren.
Nike was named BTIG’s top pick for 2026, with analysts setting a $100 price target. They said the company is making progress on its turnaround under new leadership, with gains in running, wholesale and North America, and could return to more than 12% operating margins over time.
Tapestry was rated Buy with a $140 price target, as BTIG pointed to Coach’s growth potential and margin expansion opportunities.
Ralph Lauren was also rated Buy with a $400 target, with analysts citing global demand, pricing power and brand elevation under CEO Patrice Louvet.
In wholesale clubs, BTIG initiated Costco at Buy with a $1,115 price target, saying its membership model supports steady growth and global expansion. BJ’s Wholesale was started at Buy with a $120 target, backed by membership gains, digital growth and new club openings.
Levi Strauss also received a Buy rating with a $27 price target, with analysts highlighting brand strength, momentum in women’s apparel and margin improvement.
BTIG said it sees multiple drivers across the group, from operating margin recovery at Nike to share gains in the warehouse club sector, and views current valuations as attractive relative to long-term growth prospects.
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BTIG starts bullish on retail and apparel companies
Published 3 weeks ago
Oct 15, 2025 at 1:44 PM
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