UBS Maintains Neutral on Farfetch, Raises Price Target to $5.25
Portfolio Pulse from richadhand@benzinga.com
UBS analyst Kunal Madhukar maintains a Neutral rating on Farfetch (NYSE:FTCH) and raises the price target from $5 to $5.25.
May 19, 2023 | 12:28 pm
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NEUTRAL IMPACT
UBS analyst Kunal Madhukar maintains a Neutral rating on Farfetch and raises the price target from $5 to $5.25.
The news of UBS maintaining a Neutral rating on Farfetch and raising the price target from $5 to $5.25 indicates that the analyst sees potential for the stock price to increase, but not enough to change the overall rating. This may have a neutral impact on the stock price in the short term as investors may view the price target increase as a positive sign, but the Neutral rating suggests that there may not be significant upside potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100