What To Know About Morgan Stanley's Downgrade of Capri Holdings

Morgan Stanley downgraded its rating of Capri Holdings CPRI to Equal-Weight with a price target of $40.00, changing its price target from $55.00 to $40.00.

Shares of Capri Holdings are trading up 0.41% over the last 24 hours, at $36.67 per share.

A move to $40.00 would account for a 9.08% increase from the current share price.

About Capri Holdings

Michael Kors, Versace, and Jimmy Choo are the brands of Capri Holdings, a marketer, distributor, and retailer of upscale accessories and apparel. Kors, Capri's largest brand, offers handbags, footwear, and apparel through more than 800 company-owned stores, wholesale, and e-commerce. Versace (acquired in 2018) is known for its ready-to-wear luxury fashion, while Jimmy Choo (acquired in 2017) is best known for women's luxury footwear. John Idol has served as CEO since 2003.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.