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Inditex upgraded to Hold from Sell at Deutsche Bank

Inditex upgraded to Hold from Sell at Deutsche Bank

Deutsche Bank upgraded Inditex (IDEXY) to Hold from Sell with a price target of EUR 54, up from EUR 41. After two years of luxury underperforming retail and sporting goods, the firm sees this changing as the 2025 progresses. It sees the shift in the second half of the year as “earnings momentum and sentiment is paramount.”

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