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Tod's: Barclays lowers target price

( - 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.

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