Capri Holdings (CPRI) shares rose more than 7% on Monday, following second-quarter fiscal 2027 results released Friday morning. Revenue fell almost 6% year over year to $809 million, but the company posted non-GAAP net income of $45 million and beat analyst estimates for both profit and revenue. Several analysts raised their price targets: Goldman Sachs’ Brooke Roach lifted hers to $24 from $18 while keeping a neutral rating, and Barclays’ Adrienne Yih raised hers to $24 from $19 and kept an overweight rating. The article notes that the Jimmy Choo line performed especially well, the Michael Kors unit is in turnaround mode, and management is trimming costs.
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