Baird lowered the firm’s price target on Capri Holdings (CPRI) to $18 from $26 and keeps a Neutral rating on the shares. The firm updated its model following the sale of its Versace unit which is they view as positive. Baird is now evaluating the remaining company with regards to recession and tariff risks.
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Read More on CPRI:
- Capri Holdings’ Strategic Transformation: Versace Sale Bolsters Financial Position and Growth Potential
- Capri Holdings price target lowered to $25 from $30 at Wells Fargo
- Prada to acquire Versace, CarMax reports mixed Q4 results: Morning Buzz
- M&A News: Prada (HK:1913) Agrees to Buy Versace for $1.38 Billion
- Capri Holdings Sells Versace to Prada for $1.375B