BofA lowered the firm’s price target on Capri Holdings (CPRI) to $21 from $23 and keeps a Neutral rating on the shares. The potential for Kors and Choo to recover from trough sales and margins is balanced by the firm’s “bleaker view of near-term fundamentals,” says the analyst after Capri reported Q4 EPS below the firm’s estimate and consensus and management cut FY26 guidance to reclassify Versace as a discontinued operation and include tariff pressure.
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Read More on CPRI:
- Capri Holdings price target raised to $18 from $14 at UBS
- Capri Holdings price target lowered to $18 from $19 at JPMorgan
- Cautious Outlook for Capri Holdings Amid Strategic Challenges and Financial Setbacks
- Capri Holdings: Navigating Tariff Challenges with Cautious Optimism and Strategic Adjustments
- Capri Holdings: Positive Trajectory with Financial Restructuring and Brand Stabilization Boosts Buy Rating
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