Stock Track | Capri Holdings Surges 5.61% Pre-Market on JP Morgan Upgrade and Price Target Boost

Stock Track

08/13

Shares of Capri Holdings Ltd (CPRI) soared 5.61% in pre-market trading on Wednesday, following a significant upgrade from JP Morgan. The investment bank raised its rating on the luxury fashion group from Neutral to Overweight, signaling increased confidence in the company's prospects.

In addition to the upgraded status, JP Morgan also boosted its target price for Capri Holdings, lifting it from $24 to $30. This represents a substantial 25% increase in the expected value of the stock, reflecting a more optimistic outlook on the company's future performance.

The upgrade and increased price target come at a crucial time for Capri Holdings, which owns iconic brands such as Michael Kors, Jimmy Choo, and Versace. This vote of confidence from a major Wall Street firm could potentially drive further investor interest in the stock. As the market prepares to open, all eyes will be on Capri Holdings to see if this pre-market surge translates into sustained gains during regular trading hours.

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The investment bank raised its rating on the luxury fashion group from Neutral to Overweight, signaling increased confidence in the company's prospects.</p>\n\n<p>In addition to the upgraded status, JP Morgan also boosted its target price for Capri Holdings, lifting it from $24 to $30. This represents a substantial 25% increase in the expected value of the stock, reflecting a more optimistic outlook on the company's future performance.</p>\n\n<p>The upgrade and increased price target come at a crucial time for Capri Holdings, which owns iconic brands such as Michael Kors, Jimmy Choo, and Versace. This vote of confidence from a major Wall Street firm could potentially drive further investor interest in the stock. As the market prepares to open, all eyes will be on Capri Holdings to see if this pre-market surge translates into sustained gains during regular trading hours.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CPRI","symbol_name":"Capri Holdings Ltd","start_time":0,"source_url":"","article_id":"1106784687","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1106784687","pubTimestamp":1755077783,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Capri Holdings Ltd (CPRI) soared 5.61% in pre-market trading on Wednesday, following a significant upgrade from JP Morgan. 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