Salvatore Ferragamo weak with TP cut from Morgan Stanley

Salvatore Ferragamo the CFO Alessandro Corsi resigns

(Finance) – Weak session in Piazza Affari for Salvatore Ferragamoan Italian luxury house listed on Euronext Milan, after the analysts of Morgan Stanley they have reduced the target price to 10 euros per share from the previous 11.5 euros.

It moves downwards Ferragamo with i prices aligned at 12.19 eurosfor a drop of 1.69%. The greatest expectations see an extension of the decline towards the support area estimated at 12.09 and subsequently at 11.98. Resistance at 12.33.

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