Capri Holdings ( (CPRI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Capri Holdings’ stock is on the rise thanks to an upgrade from BMO Capital analyst Simeon Siegel, who sees improving sales, margins, and debt pressures. The analyst believes investor sentiment is too negative and anticipates it will improve before the company’s fundamentals catch up. As a result, the price target has been raised from $25 to $31, highlighting a significant opportunity to close the gap between Capri’s Equity and Enterprise Value.
More about Capri Holdings
YTD Price Performance: -1.60%
Average Trading Volume: 5,034,301
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.39B
For further insights into CPRI stock on TipRanks’ Stock Analysis page.
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