Wells Fargo Downgrades Capri Holdings to Equal-Weight, Raises Price Target to $57
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Ike Boruchow has downgraded Capri Holdings (NYSE:CPRI) from Overweight to Equal-Weight and raised the price target from $55 to $57.

August 11, 2023 | 2:17 pm
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Capri Holdings has been downgraded by Wells Fargo from Overweight to Equal-Weight, but the price target has been raised from $55 to $57.
The downgrade from Overweight to Equal-Weight suggests that Wells Fargo sees less upside potential for Capri Holdings. However, the increase in price target from $55 to $57 indicates that the analyst still expects the stock to perform well, albeit not as strongly as previously anticipated. This mixed signal could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100