12:05 PM EDT, 05/28/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month price target by $1 to $27, based on 12x our FY 27 EPS estimate and below the company's three-year average forward P/E multiple of 12.5x, reflecting our view that shares are undervalued and do not need to see multiple expansion to appreciate significantly. We believe the earnings rebound for Capri will be substantial after the company cleaned up its balance sheet and returns its focus to improving profitability at its largest brand, Michael Kors. We raise our FY 27 EPS estimate by $0.50 to $2.25 and initiate our FY 28 EPS estimate at $2.75. CPRI posted a mixed FQ4 but guided for EPS well above consensus ($2.15). Our opinion is that the earnings story should rebound rapidly to above $3 a share in the next three years and potentially sooner as inventory improves and the company turns its focus to efficient operations. In FQ4, Michael Kors revenue declined 5.5% while Jimmy Choo increased 5.3%. CPRI sees a small increase in revenues at both Michael Kors and Jimmy Choo in FY 27.