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Despite Bank of Nova Scotia's big investment, Capri Holdings' stock hits a 52-week low after poor earnings.
The Bank of Nova Scotia significantly increased its investment in Capri Holdings, a luxury fashion group with brands like Versace, Jimmy Choo, and Michael Kors, by buying an additional 229,500 shares.
Despite this, Capri Holdings' stock hit a 52-week low, with analysts at Wells Fargo and Barclays lowering their price targets due to poor quarterly earnings reports.
The company's EPS missed analyst estimates, and the stock faces a pessimistic outlook.
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A pesar de la gran inversión del Banco de Nueva Escocia, las acciones de Capri Holdings alcanzan un mínimo de 52 semanas después de malas ganancias.