Oppenheimer Maintains Outperform on Farfetch, Lowers Price Target to $5.5
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Jason Helfstein has maintained an Outperform rating on Farfetch (NYSE:FTCH), but lowered the price target from $8 to $5.5.
August 18, 2023 | 12:21 pm
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Farfetch's price target has been lowered by Oppenheimer from $8 to $5.5, although the Outperform rating is maintained.
The lowering of the price target by Oppenheimer indicates a potential decrease in Farfetch's stock price in the short term. However, the maintained Outperform rating suggests that the stock is still expected to outperform the market.
CONFIDENCE 90
IMPORTANCE 80
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