Bloom Energy, Illumina, and Everpure Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400, and S&P SmallCap 600
https://www.spglobal.com/spdji/en//documents/indexnews/announcements/20260904-1484999/1484999_shuffle5461-sept2026.pdf
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Capri Holdings (CPRI) stock dropped despite beating Q1 earnings expectations, as the luxury retailer lowered its FY27 revenue forecast.
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https://www.spglobal.com/spdji/en//documents/indexnews/announcements/20260904-1484999/1484999_shuffle5461-sept2026.pdf
Tapestry Inc. (TPR) presents a mixed investment case with Coach brand driving strong 24% revenue growth and high-single-digit growth expected in fiscal 2027, while Kate Spade continues to struggle with a 10% revenue decline and $27.2 million operating loss. The company expects $7.80-$7.90 EPS in fiscal 2027 with $1.7 billion in capital returns, but trades at a premium valuation that leaves little room for execution errors.
TD Cowen analyst Oliver Chen downgrades Capri Holdings (NYSE:CPRI) from Buy to Hold and lowers the price target from $20 to $17.
UBS analyst Jay Sole maintains Capri Holdings (NYSE:CPRI) with a Neutral and lowers the price target from $20 to $17.