Capri Holdings To Be Swayed By Macro Uncertainty & FX Pressure, Says Analyst


Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on the shares of Capri Holdings Ltd (CPRI) and lowered the price target from $60 to $54.

The company’s Q2 earnings topped estimates, led by topline growth and operating margin expansion across all three brands, said the analyst. Telsey added that the moderation in the outlook despite a strong Q2 performance reflected ongoing macro uncertainties, increased FX pressure, and the continued impact of COVID-related restrictions in China.

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