The title of. shines in Piazza Affari Tod’s, which in the afternoon came to gain 2,8%, to 85,80 euros, achieving the best rise of the Ftse Mib.
The purchases of the footwear company's shares were triggered Equity, which raised the stock's recommendation from reduce to hold.
Analysts explain that the recent negative performance (-17% relative to the Ftse Mib and -13% compared to its competitors in the last 3 months) has brought the stock back in line with the European sector in terms of multiples.
However, Equita remains cautious on medium-term growth prospects, waiting for more lasting signals from sales and a recovery in leather goods, after two consecutive years of negative performances on both fronts.
The target price was reduced from 83 to 81 euro just for the detachment of the dividend.
