(News Bulletin 247) – Credit Suisse maintains its Underperformance recommendation but increases its price target from 26 to 28.50E on the Inditex share.
‘The results of the 1st quarter were to be solid and they were, but the strength of the exchanges in the 2nd quarter makes us reflect’, indicates the analyst for whom the fashion trends remain favorable to Zara. ‘
‘The main risks remain the execution of collections in the second half, as the price advantage fades and the pressure exerted by the increase in wages continues. The next catalyst will be the first half results on September 14,’ continues the broker.
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