Telsey Advisory lowered the firm’s price target on Capri Holdings (CPRI) to $17 from $23 and keeps a Market Perform rating on the shares. The firm sees the sale of Versace as an “appropriate step” following the collapse of the TPR acquisition, the analyst tells investors. The firm is reducing its price target on the stock given the incrementally more challenging macro backdrop. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See tod
Yahoo! Finance: CPRI News
