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Salvatore Ferragamo: UBS rates the shares 'neutral'

(CercleFinance.com) - On Wednesday UBS upgraded Salvatore Ferragamo shares from "sell" to "neutral", while increasing its corresponding target price from 16.
2 euros to 18.5 euros.

In a note to clients, the broker says social media data show "mixed brand heat" on Instagram and WeChat.

The Salvatore Ferragamo share is currently down 0.5% at 17.6 euros in Milan.

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