Tod's: Barclays lowers target price

(CercleFinance.com) - While reiterating its "equal weight" rating on the stock, in turn Barclays has reduced its target price for Tod's from E36 to E34 (cp: E33, -3%), ahead of its Q3 trading update, after trading on 8 November.


Ahead of this publication, the broker is updating its estimates for the Italian luxury footwear manufacturer, now anticipating sales growth of just 3% at constant exchange rates, down from 13% previously.


Copyright (c) 2023 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.