Accueil > Actualité
Actualite financiere : Actualite bourse

Salvatore Ferragamo: at half-mast on brokers' comments

( - Salvatore Ferragamo is down more than 4% in Milan, as several brokers have lowered their price targets for the luxury footwear house, ahead of its next quarterly trading update.

Barclays and UBS reaffirmed their unfavorable recommendations ('underweight' and 'sell'), with price targets lowered to 9.7 and 9.5 euros respectively, while Stifel, while remaining 'hold', reduced its target to 10.3 euros.

For the May 9 trading update, all three brokers anticipate double-digit organic sales declines for the first quarter (12% to 18%), pointing to weak demand, particularly in wholesale distribution.

Copyright (c) 2024 All rights reserved.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.