Jefferies analyst Ashley Helgans lowered the firm’s price target on Capri Holdings (CPRI) to $34 from $36 and keeps a Hold rating on the shares. The firm lowers EPS estimates about 4% below consensus for Capri and Tapestry (TPR) for the fiscal year as it says alt data and European luxury companies suggest the U.S. consumer is “challenged,” China is recovering, wholesales are “soft,” and promos are “elevated.”
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