Prada upgraded to Buy from Hold at Jefferies

Jefferies upgraded Prada to Buy from Hold with a price target of HK$67, up from HK$62. Prada’s industry-beating growth in Q2 despite minimal pricing and space support “sets the shares apart from a tough luxury sector,” says the analyst, who also cites “confidence to look at the upcoming Miu Miu monster comps with new serenity.”