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CPRI

Capri Holdings

$32.70 /

-0.69 (-2.07%)

06:59
01/29/20
01/29
06:59
01/29/20
06:59

Capri Holdings downgraded to Hold from Buy at Needham

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."

  • 05

    Feb

CPRI Capri Holdings
$32.70 /

-0.69 (-2.07%)

01/02/20
Fly Intel: Top five analyst upgrades
01/02/20 Wells Fargo
Capri Holdings upgraded Overweight at Wells Fargo
01/02/20 Wells Fargo
Capri Holdings upgraded to Overweight from Equal Weight at Wells Fargo
12/18/19 Guggenheim
Nike, TJX, Capri, Revolve among Guggenheim's top picks in U.S. retail for 2020

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