Wells Fargo Maintains Equal-Weight on Capri Holdings, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has maintained an Equal-Weight rating on Capri Holdings (NYSE:CPRI) but has significantly lowered the price target from $42 to $23.
October 25, 2024 | 12:52 pm
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Wells Fargo has maintained an Equal-Weight rating on Capri Holdings but has lowered the price target from $42 to $23, indicating a less optimistic outlook.
The significant reduction in the price target from $42 to $23 by Wells Fargo suggests a less favorable outlook for Capri Holdings, which could lead to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100