Salvatore Ferragamo (OTCMKTS:SFRGY) Downgraded by Exane BNP Paribas

Exane BNP Paribas cut shares of Salvatore Ferragamo (OTCMKTS:SFRGY) from a neutral rating to an underperform rating in a research note issued to investors on Wednesday, The Fly reports.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group cut shares of Salvatore Ferragamo from a neutral rating to a sell rating in a report on Friday, July 9th. Barclays initiated coverage on shares of Salvatore Ferragamo in a report on Tuesday. They issued an underweight rating for the company. Deutsche Bank Aktiengesellschaft reissued a hold rating on shares of Salvatore Ferragamo in a research note on Wednesday, September 8th. Morgan Stanley reissued an equal weight rating on shares of Salvatore Ferragamo in a research note on Wednesday, September 8th. Finally, UBS Group reissued a neutral rating on shares of Salvatore Ferragamo in a research note on Wednesday, June 23rd. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus price target of $18.00.

OTCMKTS SFRGY opened at $10.80 on Wednesday. The company has a 50-day moving average price of $10.45 and a two-hundred day moving average price of $10.78. Salvatore Ferragamo has a 52 week low of $6.25 and a 52 week high of $12.75.

About Salvatore Ferragamo

Salvatore Ferragamo SpA engages in the creation, development and production of footwear, leather goods, apparel, accessories, and jewelry for men and women. Its product ranges includes eyewear, watches, fragrances and body care. The company was founded by Salvatore Ferragamo in 1927 and is headquartered in Florence, Italy.

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