BUZZ - Capri Holdings, the parent company of Michael Kors, shares rise as Raymond James upgrades rating to "Strong Buy"
路透社2026/10/16 15:11October 16 - ** Capri Holdings (CPRI.N) shares rose about 2% in early trading to $16.11
** Raymond James upgraded the stock from “Outperform” to “Strong Buy”
** The firm stated that the recent weakness in the stock has lowered market expectations, creating a highly attractive buying opportunity
** It is expected that as the company benefits from improved product quality and inventory availability, business trends will improve in the second half of fiscal 2027
** The report notes that if Capri can return to revenue growth while maintaining stringent cost control, there is significant room for long-term margin improvement
** Out of 17 brokerages, 8 rate the stock as “Buy” or higher, and 9 as “Hold”; the median target price is $20—data compiled by LSEG
** As of the previous trading day’s close, the stock is down about 35% year-to-date
(To facilitate non-English speakers, Reuters provides automated translations of its reports into several other languages. Automated translation may contain errors or not fully capture required context; Reuters does not guarantee the accuracy of automated translations and provides them solely for reader convenience. Reuters assumes no responsibility for any damage or loss resulting from the use of automated translation.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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