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.
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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.
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.