Deutsche Bank lowered the firm’s price target on Ermenegildo Zegna (ZGN) to $10.50 from $12 and keeps a Buy rating on the shares. After two years of luxury underperforming retail and sporting goods, the firm sees this changing as the 2025 progresses. It sees the shift in the second half of the year as “earnings momentum and sentiment is paramount.”
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Read More on ZGN:
- Ermenegildo Zegna initiated with an Underweight at Morgan Stanley
- Ermenegildo Zegna’s Shareholder Backs Growth with Major Stock Purchase
- Ermenegildo Zegna’s Revenue Growth Amid Market Challenges
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
