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Fly News Breaks for May 30, 2019
CPRI
May 30, 2019 | 09:06 EDT
Credit Suisse analyst Michael Binetti lowered his price target for Capri Holdings to $40 from $52 following quarterly results. The analyst reiterates a Neutral rating on the shares as he needs more evidence that the Kors brand can return to sustained positive comps before taking a more constructive stance, even with valuation becoming a significant outlier.
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