Raymond James Maintains Strong Buy on Capri Holdings, Lowers Price Target to $55
Portfolio Pulse from richadhand@benzinga.com
Raymond James analyst Rick Patel maintains a Strong Buy rating on Capri Holdings (NYSE:CPRI) but lowers the price target from $60 to $55.
June 01, 2023 | 11:22 am
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POSITIVE IMPACT
Raymond James maintains a Strong Buy rating on Capri Holdings (NYSE:CPRI) but lowers the price target from $60 to $55.
The news of Raymond James maintaining a Strong Buy rating on Capri Holdings indicates a positive outlook for the company. However, the lowering of the price target from $60 to $55 may cause some short-term uncertainty. Overall, the impact is likely to be positive in the short term as the Strong Buy rating outweighs the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100