UBS Maintains Neutral on Farfetch, Lowers Price Target to $0.8
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Kunal Madhukar has maintained a Neutral rating on Farfetch (NYSE:FTCH) but has significantly lowered the price target from $3.3 to $0.8.
December 14, 2023 | 4:41 pm
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UBS analyst Kunal Madhukar maintains a Neutral rating on Farfetch but cuts the price target from $3.3 to $0.8, indicating a bearish outlook on the stock's value.
The reduction in price target by UBS suggests a bearish view on the future performance of Farfetch's stock. This could lead to a negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100