Capri Holdings (CPRI) PT Raised to $17 at Jefferies

Jefferies analyst Ashley Helgans raised the price target on Capri Holdings (NYSE: CPRI) to $17.00 (from $14.00) while maintaining a Hold rating.

The analyst comments "Q4 sales beat but EPS missed. FY26 guide updated for sale of Versace, and now just includes MK and JC for continuing ops. Cost savings and net interest income cushion EPS. Tariff impacts quantified and expected to be mitigated over time. It remains early, but co. has made progress w/ new MK product and pricing strategies, leading to slight brand sales increase. Pending Versace proceeds will be used to pay down debt. Return to buybacks MT also a catalyst."

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