Prada: Stifel reiterates buy recommendation
(CercleFinance.com) - SPrada: Stifel reiterates Buy rating
Stifel maintains its Buy rating on the stock, leaving its TP unchanged at HKD 70 after the group announced reassuring organic growth of +16% in Q4 2024, with a strong margin expansion in H2 2024.
The analyst believes that the recent pullback has created an attractive entry point for a stock offering above-sector average growth, while trading at a below-sector average valuation.
Analysts expect Prada to achieve organic sales growth of +11%, with a 70-bp margin expansion in FY 2025.margin expansion of 70 basis points for fiscal 2025.
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