Baird Upgrades Capri Holdings (CPRI) to Outperform

Baird analyst Mark Altschwager upgraded Capri Holdings (NYSE: CPRI) from Neutral to Outperform with a price target of $26.00.

The analyst comments: "Yesterday's selloff looks harsh considering a slight sales and earnings beat and a steady outlook (still progressing toward return to growth in F2027). We attribute weakness mostly to the lack of big incremental positives to catalyze a turn in sentiment. While patience may be required, risk/reward looks attractive here (undemanding valuation on trough earnings), considering green shoots at MK and JC, underlying gross margin improvement, soon-to-be-easing sales/margin headwinds (reduced wholesale, store closures, tariffs), and a strengthened balance sheet. Our unchanged $26 price target is based on 9.0x EBITDA, 12x P/E."

For an analyst ratings summary and ratings history on Capri Holdings click here. For more ratings news on Capri Holdings click here.

Shares of Capri Holdings closed at $20.08 yesterday.

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