BUZZ-Capri up after TD Cowen upgrades to 'buy'

Reuters

01/23

** Shares of Michael Kors owner Capri Holdings CPRI.N up about 3% at $25.74

** TD Cowen upgrades rating to "buy" from "hold"; raises PT to $32 from $26

** The new PT still represents 28.3% upside to stock's last close

** Brokerage says "more trend-right" for Michael Kors, showing confidence in its product turnaround

** Adds CPRI stands to benefit from refreshed marketing, including targeted influencer engagement, as it invests in data-driven personalization and a connected customer platform

** 6 of 14 brokerages rate stock "buy" or higher, 7 "hold" 1 "sell"; median PT is $26.50 - data compiled by LSEG

** CPRI up ~16% in 2025

(Reporting by Sanskriti Shekhar in Bengaluru)

((Sanskriti.Shekhar@thomsonreuters.com))

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