π²π π π π - CAPRI π
Quietly, $CPRI, the parent company of Michael Kors, Jimmy Choo, and Versace, is surging by about 20% since we told you about the merger cancellation with $TPRI just 3 weeks ago!β¬οΈ
π We promised to update, so here's an update. π
We are closely following the company, and as of now, there are no significant updates on the anticipated merger or the appeal of the ruling we told you about, but despite this, it remains on our watch list! π
π But there is an interesting update on another front. π
Today, $CPRI received a price target upgrade to $30 from investment firm Guggenheim Securities. The upgrade was based on the firm's view of the company's undervalued stock price relative to its historical earnings. βοΈ (Thanks to channel follower HkS1990 for the update!)
It's worth noting that if you also have interesting updates to send us, information, an interesting idea, or anything else, you are welcome to share it with us! π¬ @smartinvestil π