tiprankstipranks
Trending News
More News >

Ermenegildo Zegna price target lowered to $9 from $11.50 at Deutsche Bank

Deutsche Bank lowered the firm’s price target on Ermenegildo Zegna (ZGN) to $9 from $11.50 and keeps a Buy rating on the shares. The firm says it is no longer clear that Q3 of 2024 “was the nadir” for luxury demand. The luxury recovery in Q4 “now looks likely to be the anomaly and not the trend,” the analyst tells investors in a research note.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue