BTIG Maintains Buy on Farfetch, Lowers Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Marvin Fong has maintained a 'Buy' rating on Farfetch (NYSE:FTCH) but lowered the price target from $10 to $5.5.
August 18, 2023 | 2:30 pm
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Farfetch's price target has been lowered from $10 to $5.5 by BTIG, though the 'Buy' rating is maintained.
The lowering of the price target by BTIG indicates a potential decrease in the stock's value. However, the maintained 'Buy' rating suggests that the stock is still expected to perform well in the long term. This could lead to short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100