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Fly News Breaks for January 29, 2020
CPRI
Jan 29, 2020 | 06:59 EDT
Needham analyst Rick Patel downgraded Capri Holdings to Hold from Buy, citing a "difficult operating environment" and recent choppiness around its acquired brands. The analyst believes that the company's 2020 will be "challenging" amid the latest decline in department stores comps. Patel adds that Capri's acquisitions of Jimmy Choo and Versace offer long-term growth opportunities through geographic expansion and category diversification, but results so far have been "volatile" because of "geopolitical uncertainty and product-related issues."
News For CPRI From the Last 2 Days
CPRI
Apr 17, 2024 | 16:32 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
CPRI
Apr 17, 2024 | 11:59 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
CPRI
Apr 17, 2024 | 09:31 EDT
OTR Global downgraded its view of Capri Holdings to Mixed from Positive, citing checks.
