Gucci remains “trading buy” by Goldman
December 11th, 2009 by admin
The conclusion of the controversy between LVMH and PPR on the control of the Florentine fashion house Gucci does not induce the analysts at Goldman Sachs to change their recommendation on the Dutch stock listed on the Italian brand, which remains “trading buy”. The investment bank has, however, lowered the estimate of earnings per share for fiscal 2002 from 3.64 to 3.52 euros. Title changes hands Gucci to 97.5 euros, a rise of 0.46%, with Goldman’s price target set at $ 110.
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