Salvatore Ferragamo: UBS maintains sell rating after sales

(CercleFinance.com) - UBS has reinstated its “sell” rating on the stock of Italian luxury shoes maker Salvatore Ferragamo, along with its target price of 16.
20 euros, which suggests downside potential 7%.

UBS said, "4Q sales of E375m were a 5% miss vs UBSe (4% miss vs consensus), with constant-FX growth of -1.7% (UBSe +1.7%, consensus +0.2%)."


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