BMO Capital Downgrades Capri Holdings to Market Perform, Lowers Price Target to $57
Portfolio Pulse from richadhand@benzinga.com
BMO Capital analyst Simeon Siegel has downgraded Capri Holdings (NYSE:CPRI) from Outperform to Market Perform and lowered the price target from $68 to $57.
August 14, 2023 | 9:58 am
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Capri Holdings has been downgraded by BMO Capital from Outperform to Market Perform, with a reduced price target of $57.
The downgrade from Outperform to Market Perform by BMO Capital indicates a less optimistic outlook for Capri Holdings. The lowering of the price target from $68 to $57 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100