Capri Holdings Sentiment ‘Too Negative’: Analyst Sees ‘3 Ways To Win’

Capri Holdings Ltd (NYSE:CPRI) received an upgrade from BMO Capital Markets, with analyst Simeon Siegel raising the stock to Outperform and increasing the price target from $25 to $31, citing opportunities to improve sentiment, margins, and debt management.

While sentiment for the stock has turned “too negative,” the pressure on the company’s sales, margins, and debt may turn “less bad,” according to Siegel.

The Capri Holdings Thesis: There are no signs of strength or inflection, but negative sentiment offers “downside protection,” Siegel said in the upgrade note.

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