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Ferragamo: Exane raises its rating and shares soar on the stock market

Exane analysts have raised Ferragamo's rating from Neutral to Outperform and the target price from 24 euros to 27 euros – Title flies on the stock exchange and is the best of the Ftse-Mib

Ferragamo: Exane raises its rating and shares soar on the stock market

Positive start for Piazza Affari which at 10,30 gained 0,5% thanks above all to the boost of the Salvatore Ferragamo share, the best of the Ftse-Mib. The Ferragamo quotes today they rose by 2,8% after the analysts of Exane Bnp Paribas raised Ferragamo's target price to 27 euros from 24 euros and raised the rating from Neutral to Outperform.

Il Ferragamo title, at 10,45, almost reached the quotation of 22 euros (21,98) which was last reached on 20 November. 2015 on the stock exchange was characterized by ups and downs for the Ferragamo stock. At the beginning of the year, Ferragamo shares were sold for 20,38 euros and then rose to 31,5 euros in mid-April.

With the crisis on the markets in China, however, difficulties arose for the Ferragamo share, which in the month of November fell to 21 euros on 16 November last. In any case, to date the balance since the beginning of the year is positive with an increase of 7,5%.

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