Ermenegildo Zegna price target raised to $10.50 from $10 at UBS

UBS raised the firm’s price target on Ermenegildo Zegna (ZGN) to $10.50 from $10 and keeps a Neutral rating on the shares. The company in 2026 will continue “to write its story of three luxury apparel houses,” but it faces continued uncertainty to its 2027 targets given currency headwinds, the analyst tells investors in a research note.