Wells Fargo Upgrades Capri Holdings to Overweight, Lowers Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has upgraded Capri Holdings (NYSE:CPRI) from Equal-Weight to Overweight, while lowering the price target from $57 to $43.
June 25, 2024 | 10:21 am
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Wells Fargo has upgraded Capri Holdings from Equal-Weight to Overweight, indicating a more positive outlook on the stock. However, the price target has been lowered from $57 to $43, suggesting tempered expectations for future gains.
The upgrade to Overweight suggests that Wells Fargo sees potential for Capri Holdings to outperform its peers. However, the lowered price target indicates that while the stock is expected to do well, the upside may be limited compared to previous expectations.
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