Capri Holdings (CPRI) PT Raised to $80 at Wells Fargo

July 30, 2021 11:45 AM EDT
Get Alerts CPRI Hot Sheet
Price: $52.64 -0.3%

Rating Summary:
    12 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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Wells Fargo analyst Ike Boruchow raised the price target on Capri Holdings (NYSE: CPRI) to $80.00 (from $75.00) while maintaining an Overweight rating.

The analyst commented, "Despite raising 1Q expectations at its recent analyst (just 30 days ago), CPRI surprised investors, delivering a material EPS beat and raise, and signaling greater confidence in the portfolio's sales/margin multiyear opportunity. The upside was broad based, with revenue outlooks raised for all 3 brands and GMs surpassing plan. We fail to see any holes in today's print, and we continue to call CPRI the "Top Pick" in our group today. We raise numbers and our PT to $80 (from $75)."

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