Goldman Sachs lowered the firm’s price target on Capri Holdings (CPRI) to $24 from $27 and keeps a Neutral rating on the shares. Capri’s Q3 results show sequential improvement in Michael Kors full-price sales and stronger-than-expected Jimmy Choo performance, but outlet pressure and a wholesale reset continue to weigh on near-term results, the analyst tells investors in a research note.
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