Goldman Sachs Upgrades Ermenegildo Zegna to Buy, Raises Price Target to $18.7
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Louise Singlehurst has upgraded Ermenegildo Zegna (NYSE:ZGN) from Neutral to Buy and increased the price target from $17 to $18.7.
January 11, 2024 | 11:32 am
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Goldman Sachs upgraded Ermenegildo Zegna to Buy and raised the price target to $18.7, indicating a positive outlook on the stock.
The upgrade from Neutral to Buy by a prominent analyst at Goldman Sachs, along with an increased price target, suggests a strong bullish sentiment on ZGN's future performance. This is likely to instill investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100