Capri Holdings price target raised to $20 from $17 at Telsey Advisory

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.