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JPMorgan Cuts Capri Target Price to $22.00

Guavy AI Editorial Team
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JPM
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Capri Holdings Limited (NYSE: CPRI) saw its price target reduced by analysts at JPMorgan Chase & Co. from $29.00 to $22.00 in a research note issued on Tuesday, according to Benzinga.

The brokerage currently has an 'overweight' rating on the stock, which would suggest a potential upside of 34.43% from the company's current price.

This is not the first time this year that Capri's target price has been lowered - in May, UBS Group dropped their target price on the stock from $22.00 to $20.00 and set a 'neutral' rating.

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