Credit Suisse Maintains Outperform on Farfetch, Lowers Price Target to $10
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Stephen Ju has maintained an 'Outperform' rating on Farfetch (NYSE:FTCH), but lowered the price target from $12 to $10.
August 18, 2023 | 12:49 pm
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Farfetch's price target has been lowered from $12 to $10 by Credit Suisse, though the 'Outperform' rating is maintained.
The lowering of the price target by Credit Suisse could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
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IMPORTANCE 80
RELEVANCE 100