Stifel Nicolaus analyst Daniele Alibrandi maintained a Hold rating on Salvatore Ferragamo S.p.A. (0P52 – Research Report) today and set a price target of €6.00.
Daniele Alibrandi has given his Hold rating due to a combination of factors impacting Salvatore Ferragamo S.p.A. The company is undergoing a significant transformation, marked by leadership changes and strategic adjustments, which have yet to yield substantial improvements. Despite efforts to refine its strategy, the brand has been hindered by years of underinvestment and a lack of impactful innovation, affecting its overall performance.
Additionally, the outlook for 2025 is clouded by uncertainties, such as potential negative impacts from U.S. tariffs on consumer confidence in key markets like the U.S., Europe, and China. The company’s stock is currently trading below its historical average, and while there is a potential upside to the price target, the ongoing challenges and transitional phase suggest a cautious approach, justifying the Hold rating.