UBS analyst Kunal Madhukar lowered the firm’s price target on Farfetch (FTCH) to 80c from $3.30 and keeps a Neutral rating on the shares. The firm remains on the sidelines amid the current uncertainty and the possibility that the proposed Richemont (CFRSF) deal may not happen given Richemont’s announcement that it is evaluating all options, the analyst tells investors in a research note.
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