Versace Sale Would Support Parent Capri Holdings Lean Portfolio: Analyst

Telsey Advisory Group analyst Dana Telsey reiterated the Market Perform rating on Capri Holdings Limited CPRI, raising the price forecast from $17 to$20.On Wednesday, the firm reported a fourth-quarter adjusted loss of $4.90 per share, missing the Street view of a 14-cent loss.Quarterly sales of$1.035 billion (down 15.4% year over year) outpaced the analyst consensus estimate of $986.57 million. On a constant currency basis, total revenue decreased 14.1%.Also Read: U.S. Economy Contracts By 0.2% In Q1, La ...