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Jefferies Maintains Capri Holdings(CPRI.US) With Hold Rating, Cuts Target Price to $14
It's not just about tariffs; the Luxury Goods Industry is facing a perfect storm of a 'weak dollar + strong Gold.'
The threat of tariffs is just the tip of the iceberg. The depreciation of the dollar against the euro has directly weakened the profitability of European Luxury Goods companies in the USA market; the surge in Gold prices has increased the input costs for watch and jewelry manufacturers.
Research Alert: CFRA Raises Opinion On Shares Of Capri Holdings To Hold After 70% Decline
LVMH Moët Hennessy Louis Vuitton Q1 Sales Dip 3% Weighing on Luxury Names
Express News | Watching Capri, Tapestry; LVMH Reportedly Says The U.S. Saw A Slight Decline, Despite A Good Performance In Fashion & Leather Goods And In Watches & Jewelry; In A Disrupted Geopolitical And Economic Environment, LVMH Remains Both Vigilant And...
Key Deals This Week: Capri, WNS Holdings, Fintech Payoneer, Altus Power and More