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Capri Holdings price target lowered to $21 from $23 at BofA

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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