Bank of America says that Zegna’s impressive growth story in the luxury sector offers investors an opportunity to invest. Bank of America upgraded the shares of menswear designer Zegna to buy on Monday from neutral, and raised its price target from $16.50 to more than 20% above its closing price from Friday. Bank of America’s Ashley Wallace wrote in a report that Zegna had one of the highest earnings growth profiles in Italy and improved profitability. “Based on our calculations, Zegna trades for 23x P/E 2020E, which is a cheap price for an EPS of 17%
Sign in
Welcome! Log into your account
Forgot your password? Get help
Create an account
Create an account
Welcome! Register for an account
A password will be e-mailed to you.
Password recovery
Recover your password
A password will be e-mailed to you.