JP Morgan Maintains Neutral on Capri Holdings, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss maintains a Neutral rating on Capri Holdings but significantly lowers the price target from $57 to $22.
October 25, 2024 | 3:44 pm
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NEGATIVE IMPACT
JP Morgan has maintained a Neutral rating on Capri Holdings but has drastically reduced the price target from $57 to $22, indicating a less optimistic outlook.
The significant reduction in the price target from $57 to $22 by JP Morgan suggests a negative outlook on Capri Holdings' future performance. This is likely to impact investor sentiment negatively, leading to potential short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100