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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
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