RBC Capital analyst Richard Chamberlain upgraded Inditex (IDEXY) to Sector Perform from Underperform with a price target of EUR 46, up from EUR 43. The firm sees a more reasonable valuation with the shares down 9% year-to-date and believes the company’s free cash flow should inflect positively next year.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on IDEXY: