Inditex: UBS upgrades its target price

(CercleFinance.com) - UBS has reaffirmed its "buy" recommendation on Inditex and raised its target price from E38 to E40, a new target that offers 12% growth potential for the shares of the Spanish textile group (parent company of the Zara chain).


" ITX comprehensively beat Q2 expectations as we raise EPS +3%/+4% for next two years. We see as the highest quality name in the sector ".


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