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Salvatore Ferragamo: stock up more than 2% after upgrade

( - Salvatore Ferragamo shares are up over 2% on Wednesday after Wall Street analysts upgraded the Italian fashion house and raised their target price for the share.

Jefferies upgraded Salvatore to "hold" and raised its target price to 21 euros, seeing a "brand with a view."

After meeting the new CEO to discuss challenges, and strategy, Jefferies said it came away reassured by her "clearer vision," the broker wrote in a research note.

Salvatore Ferragamo shares were up 2.5% at 21.3 euros in early afternoon trading in Milan.

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