JPMorgan upgraded Capri Holdings (CPRI) to Overweight from Neutral with a price target of $30, up from $24, after meeting with the company. Capri highlighted revenue improvement throughout fiscal 2026 and a growth inflection at Michael Kors in fiscal 2027, the analyst tells investors in a research note. The firm cites the company’s product improvement, value proposition, enhancing marketing and distribution optimization for the upgrade.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CPRI:
- Capri Holdings upgraded to Overweight from Neutral at JPMorgan
- Capri Holdings Shareholders Approve Key Proposals at Meeting
- Capri Holdings price target raised to $22 from $20 at Telsey Advisory
- Capri Holdings price target raised to $24 from $22 at TD Cowen
- Capri Holdings Reports Q1 Fiscal 2026 Results