Citigroup Downgrades Capri Holdings to Neutral, Announces $56 Price Target
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Paul Lejuez has downgraded Capri Holdings (NYSE:CPRI) from Buy to Neutral and set a price target of $56.

August 11, 2023 | 9:43 am
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NEGATIVE IMPACT
Capri Holdings has been downgraded from Buy to Neutral by Citigroup, with a new price target of $56.
The downgrade from Buy to Neutral by a major financial institution like Citigroup could potentially lead to a decrease in investor confidence in Capri Holdings, which may negatively impact the stock price in the short term. The new price target of $56 also provides a benchmark for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100