INDITEX : UBS confirms its buy recommendation
UBS confirms its Buy recommendation on the stock, with an unchanged price target of E40.
' Fourth-quarter EBIT was slightly ahead of VA's forecast, while the current strong activity of 11% and annual growth between 2024 and 2026 offer a reassuring outlook ' says UBS.
We expect strong sales productivity in our stores in the future. Annual gross space growth over the period 2024-2026 is expected to be around 5%. For 2024, Inditex expects a stable gross margin (+/-50 bp).
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Go to the original article.
Contact us to request a correction