Milan: Ferragamo takes a dive
(Teleborsa) - Heavy losses for the luxury maison as it loses a -8.14%.Looking at the weekly scenario, Salvatore Ferragamo lagged the benchmark index's gains, showing a lower performance than the FTSE Italia Mid Cap average.
At present, the short-term scenario for the italian fashion firm anticipates a sharp rise towards a target price of 8.543 Euros. In the case of a healthy temporary correction the most immediate target would be the 7.913 level. However, we expect prices to climb to the 9.17 high.
These analyses are to be considered solely for information purposes and are not in any way intended to constitute financial advice, a solicitation of funds from the public or the promotion of any form of investment.
(Teleborsa Research Department)
(Teleborsa) 07-15-2024 09:35 AM