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With Farfetch rumoured to be taken private amid a falling cash position, Drapers explores what’s behind the luxury etailer’s struggles and what impact they have on the rest of the luxury market.
In a research note, Bernstein analyst Luca Solca has maintained his recommendation on the stock with a Neutral rating. The target price is revised downwards from EUR 492 to EUR 436.
Luca Solca from Bernstein retains his Neutral opinion on the stock. The target price is lowered from EUR 187 to EUR 176.
In his latest research note, analyst Luca Solca confirms his positive recommendation. The broker Bernstein is keeping its Buy rating. Previously set at EUR 953, the target price is lowered to EUR 849.
Bernstein shifted Richemont's 'outperform' with a target of 153 Swiss francs, following the luxury giant's decision to distance itself from Farfetch.