UBS Downgrades Capri Holdings to Neutral, Raises Price Target to $57
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Jay Sole has downgraded Capri Holdings (NYSE:CPRI) from Buy to Neutral, while raising the price target from $55 to $57.
August 11, 2023 | 9:44 am
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NEUTRAL IMPACT
Capri Holdings has been downgraded to Neutral from Buy by UBS, but the price target has been raised from $55 to $57.
The downgrade from Buy to Neutral indicates a less optimistic outlook for the company's stock, which could potentially lead to a decrease in buying pressure. However, the increase in price target from $55 to $57 suggests that the analyst still sees some upside potential. The net effect on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100