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

* Shares of Capri Holdings up ~2% at $16.11 in morning trading * Raymond James upgrades the stock to "strong buy" from "outperform" * Says the stock's recent weakness has lowered expectations, creating an attractive buying opportunity * Sees business trends improving in the second half of fiscal 2027 as the company benefits from stronger products and improved inventory availability * Says there is significant upside to profit margins over the longer term if Capri returns to revenue growth while maintaining expense discipline * Eight of 17 brokerages rate the stock "buy" or "higher", nine "hold"; their median PT is $20 - data compiled by LSEG * Up to last close, stock down about 35% YTD (Reporting by Shania S Thomas in Bengaluru) ((shanias.thomas@thomsonreuters.com)