Accueil > Actualité
Actualite financiere : Actualite bourse

Tod's: on the sidelines after trading update

(CercleFinance.com) - The Tod's share is underperforming the market in Milan (FTSE Mib +1% at present), the day after the group's interim results, which Credit Suisse sanctions by cutting its target price for the share from 32 euros to 25 euros, while maintaining its "underperform" rating.


On a like-for-like basis, the contraction in the Italian shoe maker's sales accelerated to 6% in the second quarter, double analysts' forecasts, mainly due to the larger-than-expected fall in wholesale sales.

"Turnaround strategy yielding poor results despite investments," laments Credit Suisse, which hs slashed its 2019 to 2021 EBITDA forecasts by approximately 33%, highlighting the stock's very high valuation.


Copyright (c) 2019 CercleFinance.com. All rights reserved.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.