Bernstein raised the firm’s price target on Capri Holdings (CPRI) to $22 from $19 and keeps a Market Perform rating on the shares. Following a tough 2024 with the widespread middle/higher-income squeeze and trade-down, U.S. consumers are more optimistic on discretionary spending in 2025, the firm argues. Bernstein likes exposure to High-income and Sportswear as key bright spots for stronger spending against weaker comparables.
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Read More on CPRI:
- Capri Holdings upgraded to Outperform from Market Perform at BMO Capital
- Class Action Filed Against Capri Holdings Limited (CPRI) – February 21, 2025 Deadline to Join – Contact Levi & Korsinsky LLP
- Honeywell still exploring alternatives, Capri weighs Versace sale: Morning Buzz
- Morning Movers: Viridian and Edgewise jump following successful trials
- Capri Holdings exploring sale of Versace, Jimmy Choo, WWD reports
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
