Jefferies raised the firm’s price target on Capri Holdings (CPRI) to $23 from $20 and keeps a Hold rating on the shares. The firm’s fiscal Q3 EPS estimate of 51c is down from 57c and below the 68c consensus and its revenue forecast of $1.25B is below the $1.26B consensus, the analyst tells investors in a preview for the fashion brands group. However, the firm believes bulls will continue to look towards a sum-of-the-parts valuation “2-3 years out.”
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Read More on CPRI:
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