B of A Securities Upgrades Ermenegildo Zegna to Buy, Raises Price Target to $16.5
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Daria Nasledysheva has upgraded Ermenegildo Zegna (NYSE:ZGN) from Neutral to Buy and raised the price target from $16 to $16.5.
September 25, 2023 | 9:27 am
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Ermenegildo Zegna has been upgraded from Neutral to Buy by B of A Securities, with a raised price target of $16.5.
The upgrade from Neutral to Buy indicates a positive outlook for the company's stock. The raised price target suggests that the analyst believes the stock has potential for further growth. This could lead to increased investor interest and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100