Wells Fargo Downgrades Capri Holdings to Equal-Weight, Maintains Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has downgraded Capri Holdings from Overweight to Equal-Weight, while maintaining the price target at $42.
October 17, 2024 | 12:38 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Wells Fargo has downgraded Capri Holdings from Overweight to Equal-Weight, maintaining the price target at $42. This suggests a neutral outlook on the stock.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a shift from a positive to a neutral stance on Capri Holdings. However, the maintained price target of $42 suggests that the analyst does not foresee significant downside risk, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100