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Cowen downgrades Tapestry, reiterates outperform rating on Restaurant Brands

Cowen downgraded Tapestry shares on concerns about the Kate Spade brand.

Separately, the firm reiterated its outperform rating on Restaurant Brands, as it says its data shows Burger King's launch of the hotly anticipated Impossible Whopper earlier this month provided the burger chain a bump. The Final Round's panel discusses.