Salvatore Ferragamo: UBS upgrades stock
(CercleFinance.com) - UBS has upgraded Salvatore Ferragamo from 'sell' to 'neutral', while maintaining its target price for the Italian luxury clothing, footwear and accessories house at E6.
While remaining cautious about the group's fundamentals, the broker considers that its shares appear to be correctly valued, with a relative valuation at an all-time low after a 55% drop in the share price since the beginning of the year.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
While remaining cautious about the group's fundamentals, the broker considers that its shares appear to be correctly valued, with a relative valuation at an all-time low after a 55% drop in the share price since the beginning of the year.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.