Salvatore Ferragamo upgraded to Outperform from Underperform at Bernstein

Bernstein analyst Maria Meita upgraded Salvatore Ferragamo (SFRGY) to Outperform from Underperform with a price target of EUR 7.50, up from EUR 4.40. The firm says the company’s recent results and its conversations with management suggest Ferragamo “is moving in the right direction.”