BUZZ-Capri jumps after Raymond James upgrades to 'outperform'
Reuters
Oct 22
BUZZ-Capri jumps after Raymond James upgrades to 'outperform'
** Shares of Michael Kors owner Capri CPRI.N up about 5% at $22.51
** Raymond James upgrades stock to "outperform" from "market perform", citing signs of sequential improvement after a few "challenging years"
** Brokerage expects CPRI's second-quarter results to beat estimates, helped by promotional offerings boosting demand
** Three of 14 brokerages rate stock "buy" or higher, 10 "hold", one "sell"; their median PT is $23 - data compiled by LSEG
** Up to last close, CPRI stock down ~2% YTD
(Reporting by Anshi Sancheti in Bengaluru)
((Anshi.Sancheti@thomsonreuters.com))
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