Prada: Bernstein upgrades to 'market-perform'
(CercleFinance.com) - On Tuesday, Bernstein has upgraded Prada to "market-perform," based on valuation grounds.
In a note on the luxury sector, the broker pointed out that both Burberry and Prada appear in "a completely different league" versus the top four mega-brands (Chanel, Gucci, Louis Vuitton and Dior) in social media actions/posts.
However, Prada has a marginally better position compared to Burberry, Bernstein says.
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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.
In a note on the luxury sector, the broker pointed out that both Burberry and Prada appear in "a completely different league" versus the top four mega-brands (Chanel, Gucci, Louis Vuitton and Dior) in social media actions/posts.
However, Prada has a marginally better position compared to Burberry, Bernstein says.
Copyright (c) 2019 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.