Michael Kors parent Capri rises after Raymond James upgrades to 'strong buy'

Raymond James said recent weakness in Capri Holdings’ stock had lowered expectations, creating an attractive buying opportunity. It sees business trends improving in the second half of fiscal 2027, supported by stronger products and improved inventory availability, and said longer-term profit margins could have significant upside if revenue growth returns while expense discipline is maintained. Eight of 17 brokerages rate the stock “buy” or higher, while nine rate it “hold”; the median price target is $20.