BofA analyst Daria Nasledysheva raised the firm’s price target on Ermenegildo Zegna (ZGN) to $11.50 from $10 and keeps a Buy rating on the shares after the company reported Q3 organic revenue growth of 3.6%, 2 points above consensus. The firm sees luxury demand sequentially improving from the Q2 trough, the analyst tells investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ZGN:
- Cautious Hold Rating on Ermenegildo Zegna Amid Mixed Brand Performance and Market Volatility
- Ermenegildo Zegna Reports Q3 2025 Revenue Growth Driven by DTC Success
- Ermenegildo Zegna initiated with a Buy at Jefferies
- Positive Buy Rating for Ermenegildo Zegna Driven by Strong DTC Growth and Stock Valuation
- Shopify (SHOP) Rides the E-Commerce Comeback as Analysts Turn Bullish