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UBS upgrades Salvatore Ferragamo; shares gain after trading update

Salvatore Ferragamo's shares rose after confirming profit forecasts despite luxury sector challenges. UBS upgraded its rating, projecting modest sales growth and potential asset impairments in 2024.

investing.com • 03/12/2024 - 11:18 AM

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Luxury stocks drop as analysts cut ratings on global slowdown

The global luxury sector faces challenges, particularly in China, leading to downgrades for major brands like Burberry and Kering, amid a gloomy growth outlook.

investing.com • 09/09/2024 - 09:50 AM

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UBS upgrades Salvatore Ferragamo; shares gain after trading update

Luxury stocks drop as analysts cut ratings on global slowdown

Greed and Fear Index

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