Wells Fargo downgraded Capri Holdings (CPRI) to Equal Weight from Overweight with a price target of $57, up from $55, on the heels of the announced acquisition by Tapestry (TPR). The analyst cites the deal for the downgrade.
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Read More on CPRI:
- Capri Holdings downgraded to Market Perform from Strong Buy at Raymond James
- Capri Holdings downgraded to Neutral from Outperform at Baird
- Capri Holdings downgraded to Neutral from Buy at Guggenheim
- Capri Holdings downgraded to Neutral from Buy at UBS
- Capri Holdings downgraded to Neutral from Buy at Citi
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