Societe Generale Downgrades Farfetch to Sell, Announces $1.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Societe Generale analyst Abhinav Sinha has downgraded Farfetch (NYSE:FTCH) from Buy to Sell and announced a price target of $1.5.
October 25, 2023 | 11:29 am
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NEGATIVE IMPACT
Farfetch has been downgraded from Buy to Sell by Societe Generale with a new price target of $1.5.
The downgrade from Buy to Sell by a major financial institution like Societe Generale is a strong negative signal for the stock. The new price target of $1.5 is also significantly lower than the current price, indicating a bearish outlook for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100