What To Know About Morgan Stanley's Downgrade of Capri Holdings
Portfolio Pulse from Benzinga Insights
Morgan Stanley downgraded Capri Holdings (NYSE:CPRI) to Equal-Weight with a price target of $40.00, a decrease from the previous target of $55.00. Capri Holdings' shares are currently trading at $36.67, up 0.41% over the last 24 hours.
June 13, 2023 | 5:01 pm
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Morgan Stanley downgraded Capri Holdings to Equal-Weight and lowered its price target from $55.00 to $40.00. The stock is currently trading at $36.67, up 0.41% over the last 24 hours.
The downgrade by Morgan Stanley is likely to have a negative short-term impact on Capri Holdings' stock price. The lowered price target from $55.00 to $40.00 indicates a reduced outlook for the company's performance, which may lead to a decrease in investor confidence and potentially result in a decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100