Versace Sale Would Support Parent Capri Holdings Lean Portfolio: Analyst
1. Analyst Telsey maintains Market Perform rating, raises CPRI price target. 2. CPRI reported a Q4 adjusted loss of $4.90, missing expectations. 3. Quarterly sales of $1.035 billion exceeded analyst estimates despite a decline. 4. Sale of Versace will improve margins and balance sheet for CPRI. 5. FY26 revenue projected to decline significantly, but EPS estimates increased.