JPMorgan upgraded Salvatore Ferragamo (SFRGY) to Neutral from Underweight with a price target of EUR 7.50, up from EUR 4.60. The firm believes 2026 should mark a year of stabilization for the luxury sector. For the first time in two years, JPMorgan models a return to low-single growth for the sector in 2026, the analyst tells investors in a research note. The firm adjusted ratings as part of its 2026 outlook.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SFRGY: