Morgan Stanley Downgrades Capri Holdings to Equal-Weight, Lowers Price Target to $40
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Alex Straton downgraded Capri Holdings (NYSE:CPRI) from Overweight to Equal-Weight and lowered the price target from $55 to $40.
June 13, 2023 | 8:38 am
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Morgan Stanley downgraded Capri Holdings and lowered its price target from $55 to $40.
The downgrade from Overweight to Equal-Weight and the reduction in price target by Morgan Stanley's analyst Alex Straton indicate a less optimistic outlook for Capri Holdings. This could negatively impact the stock price in the short term as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100