Bernstein initiated coverage of Ermenegildo Zegna (ZGN) with an Outperform rating and $13 price target The firm says Zegna has positioned itself as the “go-to” luxury leisurewear brand for men with prices in the “sweetspot” between Brunello Cucinelli and Loro Piana. The company’s brand recognition in China will enable it be one of the main beneficiaries when demand returns, the analyst tells investors in a research note.
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