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Salvatore Ferragamo: in demand on broker upgrade

( - The Salvatore Ferragamo share is up over 5% to just under 12 euros in Milan on Wednesday, boosted by Jefferies upgrading the share of the Italian luxury footwear group to "buy," having raised its corresponding target price by 36% to 15 euros.

While acknowledging that "22020 is a very challenging year for SFER with significant losses," the broker believes that "this sharp drop in performance could accelerate a form of remedial action".

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