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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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