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ubs maintains neutral rating on capri holdings with unchanged price target

UBS analyst Jay Sole has reiterated a Neutral rating on Capri Holdings with a price target of $14, as the stock trades at $18.45. The upcoming earnings report on May 28 is anticipated to be pivotal, especially regarding the company's outlook amid uncertainties related to tariffs and the Versace acquisition.Capri recently announced the sale of Versace to Prada for $1.375 billion, expected to close in 2025, allowing the company to focus on its Michael Kors brand. Additionally, changes in the finance team and creative leadership reflect Capri's strategy to optimize its business and market position.
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Prada S.p.A. USA Dario Vitale Rajal Mehta Thomas J. Edwards Jay Sole Donatella Versace Show more
Finance & Economy, News Article
15:39 20.05.2025
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