Capri Holdings shares are trading higher after Wells Fargo upgraded the stock from Equal-Weight to Overweight, despite lowering its price target from $57 to $43.
Portfolio Pulse from Benzinga Newsdesk
Capri Holdings shares are trading higher after Wells Fargo upgraded the stock from Equal-Weight to Overweight, despite lowering its price target from $57 to $43.
June 25, 2024 | 11:31 am
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POSITIVE IMPACT
Capri Holdings shares are experiencing an uptick following an upgrade from Wells Fargo, which moved the stock from Equal-Weight to Overweight. Despite the upgrade, the price target was lowered from $57 to $43.
The upgrade to Overweight by Wells Fargo is a positive signal for investors, indicating increased confidence in Capri Holdings' future performance. The lowered price target may temper some enthusiasm, but the overall impact is likely positive in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100