Tod's: Bryan Garnier maintains 'sell' rating.

(CercleFinance.com) - Tod's: Bryan Garnier maintains 'sell' rating.

Bryan Garnier has confirmed its “sell” rating on the Tod's stock, along with its fair value of 63 euros, mentioning its preference for other luxury groups, such as LVMH, Richemont and Hermes.

The broker stated that "Q1 17 confirmed that the Tod's group is achieving lower performances than most of its peers," in its quarterly business review.

Bryan Garnier says that sales of the Italian shoes and leather goods maker reached 238 million euros, down 5% at constant exchange rates, falling short of the consensus, which was expecting 249 million euros (+0.2%).


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