Report
Emira Sagaama ...
  • Jean Danjou

Ermenegildo Zegna N.V. : High-end clothing specialist with undervalued earnings growth

The Zegna group, which specialises in luxury Italian clothing, is set to post earnings growth above 15% p.a. in 2026-2028, well above the average for the luxury goods sector. But the share is trading at a discount of almost 30% to this average. We are initiating coverage with an Outperform rating and a target price of $ 11.5.
Underlying
ERMENEGILDO ZEGNA NV

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Emira Sagaama

Jean Danjou

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