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Longino & Cardenal SpA ( (IT:LON) ) just unveiled an update.
Longino & Cardenal has announced a strategic shift in its US operations by closing its New York branch due to the challenging economic scenario and uncertainties in US trade policies. Despite this closure, the company will maintain its presence in the US market through Longino & Cardenal USA Corp, focusing on alternative commercial collaborations to continue serving its American clientele. This decision aims to reduce structural costs and safeguard margins while allowing the company to concentrate resources on areas with stronger growth potential.
The most recent analyst rating on (IT:LON) stock is a Buy with a EUR3.60 price target. To see the full list of analyst forecasts on Longino & Cardenal SpA stock, see the IT:LON Stock Forecast page.
More about Longino & Cardenal SpA
Longino & Cardenal S.p.A. specializes in the research, selection, and distribution of rare and precious foods, serving high-end national and international catering markets. With over 30 years of experience, the company offers more than 1,800 top-quality products to around 5,000 clients, including 80% of starred restaurants in its markets. It operates from Italy with additional branches in Hong Kong and Dubai and is listed on the Euronext Growth Milan market.
Average Trading Volume: 4,620
Technical Sentiment Signal: Sell
Current Market Cap: €8.44M
Learn more about LON stock on TipRanks’ Stock Analysis page.