UBS upgraded Salvatore Ferragamo (SFRGY) to Neutral from Sell with an unchanged price target of EUR 6. The firm remains cautious on the company’s fundamentals but says the shares seem fairly priced with relative valuation at a historical low following the 55% year-to-date drop.
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Read More on SFRGY:
- Salvatore Ferragamo price target lowered to EUR 5.30 from EUR 6.50 at JPMorgan
- Salvatore Ferragamo price target lowered to EUR 6.65 from EUR 6.75 at Citi
- Salvatore Ferragamo price target lowered to EUR 6.50 from EUR 6.80 at JPMorgan
- Salvatore Ferragamo price target lowered to EUR 7 at Morgan Stanley