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Capri Holdings shares surge 32% in October on strong earnings and acquisition rumors

The Motley Fool +1 · ·by G4L

CPRI
CPRI Capri Holdings Ltd
$21.38 +4.09%
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  1. 1Capri Holdings recorded a 32% increase in share price in October.
  2. 2Raymond James upgraded Capri Holdings stock and set a price target of $20.
  3. 3Capri's revenue of $809 million exceeded the revenue estimate of $780.7 million.

So what's the key point?

Capri Holdings' stock price rose 32% following news of higher than expected earnings and potential acquisition rumors. Analysts expect the stock to rise further, setting a price target of $20.

Source The Motley Fool +1 · View original ↗

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