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 following an upgrade from Raymond James, who moved the stock to ‘Outperform’ based on improving demand signals and conservative future guidance. Analysts are optimistic about the company’s potential for revenue growth and margin expansion, which could drive earnings above current expectations. These developments indicate a positive turnaround for Capri Holdings after facing challenging years.
More about Capri Holdings
YTD Price Performance: 3.98%
Average Trading Volume: 2,846,448
Technical Sentiment Signal: Sell
Current Market Cap: $2.55B
For further insights into CPRI stock on TipRanks’ Stock Analysis page.
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