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Inditex: RBC sees a buy opportunity.

(CercleFinance.com) - RBC Capital Markets on Monday reiterated its "outperform" rating on Inditex, with a target price of 36 euros, seeing a buy opportunity after the summer sell-off.


The Canadian brokerage firm points out that the Spanish fasion retailer's shares have fallen by 15% since their peaks in June reflecting "concerns over margins and the macro environment."

"However we think Inditex should continue to offer best-in-class performance, including the potential for durable low -to-mid teens growth over time and a healthy ROCE of over 20%," the broker notes.

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