Telsey Advisory analyst Dana Telsey raised the firm’s price target on Capri Holdings (CPRI) to $20 from $17 and keeps a Market Perform rating on the shares. The company’s Q4 results were “a bit mixed” with better-than-expected sales decline offset by a greater gross margin deleverage, the analyst tells investors. The company is proactively managing the tariff landscape with a strong global supply chain, which should position the company well to navigate potential impacts, the firm adds.
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Read More on CPRI:
- Capri Holdings price target lowered to $21 from $23 at BofA
- 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
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