Inditex: UBS downgrades its recommendation

(CercleFinance.com) - UBS has downgraded its recommendation on Inditex from 'buy' to 'neutral', in view of the limited upside potential in relation to its target price for the Spanish textile group, which it has actually raised from E40 to E47.


In the summary of its research note, the broker considers that "Exceptional model and strong momentum better reflected in the shares".


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