Baird Downgrades Capri Holdings to Neutral, Announces $57 Price Target
Portfolio Pulse from richadhand@benzinga.com
Baird analyst Mark Altschwager has downgraded Capri Holdings (NYSE:CPRI) from Outperform to Neutral and set a price target of $57.
August 11, 2023 | 1:41 pm
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NEGATIVE IMPACT
Capri Holdings has been downgraded from Outperform to Neutral by Baird, with a new price target of $57.
The downgrade from Outperform to Neutral by Baird indicates a less optimistic outlook for Capri Holdings. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $57 also provides a benchmark for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100