Wells Fargo maintained an Overweight rating on Tapestry while lowering its price target to $160 from $165, citing concerns about slower future growth. The move came even after Tapestry reported Q4 revenue of $1.88 billion. Investors focused instead on the company's softer outlook, sending the stock down 15.1%. The combination suggests the quarter's headline sales strength was outweighed by worries about momentum in coming periods.