Prada SpA : Miu Miu powerhouse prevents slow-up, it’s a convincing investment case
> Conclusive H1 release on the group’s capacity to grow despite the context, target price raised to HKD 66.4 and rating upgraded to Outperform - Looking beyond the performances posted in H1 and the upgrade to our forecasts which gives a higher target price of HKD 66.4, the stock remains compelling relative to the sector, showing upside of over 15%. The group should continue to grow much faster than the average with still significant operating leverage (EBIT margin pot...PRADA is engaged the luxury goods sector where it operates with the Prada, Miu Miu, Church's and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories. Co. also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Co.'s products are sold in 70 countries worldwide through a network that included 540 Directly Operated Stores (DOS), and a select network of luxury department stores, independent retailers and franchise stores.
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.
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