Wells Fargo upgraded Capri Holdings (CPRI) to Overweight from Equal Weight with a price target of $28, up from $20. 2025 is set to be a “stock pickers tape” for the Retailing, Specialty Softlines, and E-Commerce sector, driven by recovery dynamics and idiosyncratic setups. The firm is cautiously optimistic on top-line following a choppy 2024, as U.S. demand appears healthy and stable, and Europe also appears to be stabilizing. Wells is upgrading Capri having one of the lowest sentiment, yet most compelling risk/rewards in the space today, with many ways to win.
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