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Capri Holdings price target lowered to $18 from $26 at Baird

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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