Capri Holdings (CPRI) PT Lowered to $26 at TD Cowen

TD Cowen analyst Oliver Chen lowered the price target on Capri Holdings (NYSE: CPRI) to $26.00 (from $32.00) while maintaining a Buy rating.

The analyst comments "A Bit More Patience For Upside. CPRI beat on revs by ~3% and EPS by ~4%; GM came in lighter than expected driven by +50bp higher than expected tariff impact due to selling a higher percentage of newer product. Op margin was in-line with Street's 7.7% vs. 6% a year ago. We see product and marketing changes underway, better full-price selling, and solid product execution at Jimmy Choo."

You May Also Be Interested In

• OpenAI: after the Hugging Face incident, we committed to conducting a much broader review of actions taken by our models
• OpenAI says its agents leaked some user images - Reuters
• Costco Wholesale (COST) PT Raised to $1,040 at DA Davidson Following Q4 Earnings