Capri Holdings ($CPRI)formerly known as Michael Kors Holdings just got upgraded by Guggenheim analyst Robert Drbul to "Buy" with a $30 price target, representing an upside of 30%. Capri Holdings is making significant leadership changes to revitalize its flagship Michael Kors brand. Cedric Wilmote, Michael Kors’ CEO, will step down, with Capri’s CEO John Idol taking over. Meanwhile, Capri’s Versace and Jimmy Choo brands continue to shine, offering significant potential for shareholder value improvement.

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Next is Hanesbrands, upgraded by UBS from Neutral to Buy yesterday. Hanesbrands ($HBI) recently hit a 52-week high of 8.7 GBX, representing an impressive 130% gain over the past year. While the average one-year price target for Hanesbrands is 6.6 GBX/share, representing a 23% downside from its latest reported price, UBS sees potential opportunities for upside as the company navigates its future strategy.

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