2023-04-20 08:54:50 ET
Raymond James expects Capri Holdings ( NYSE: CPRI ) to exceed earnings expectations in May, which it anticipates will spark a rally.
“We upgrade CPRI to Strong Buy from Outperform. After disappointing during F3Q results and significantly lowering the consensus bar for FY24, we believe CPRI is poised to report better-than-expected results,” equity analyst Rick Patel commented. “Net, we believe CPRI has laid the groundwork for future EPS beats and the stock can benefit from upward revisions and multiple expansion.”
Shares of Capri Holdings ( CPRI ) rose 1.5% before the bell on Thursday.
Dig into earnings expectations for the quarter ahead .
For further details see:
Capri Holdings raised to Strong Buy at Raymond James ahead of earnings