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
RELEVANCE 100