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Citi Remains a Hold on Prada SpA (PRDSF)

Citi Remains a Hold on Prada SpA (PRDSF)

In a report released on June 27, Thomas Chauvet from Citi maintained a Hold rating on Prada SpA (PRDSF – Research Report), with a price target of HK$52.30. The company's shares closed last Thursday at $6.56.
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Chauvet covers the Consumer Cyclical sector, focusing on stocks such as Hermes International, Burberry, and Salvatore Ferragamo S.p.A.. According to TipRanks, Chauvet has an average return of 10.0% and a 53.54% success rate on recommended stocks.
In addition to Citi, Prada SpA also received a Hold from Bernstein's Luca Solca in a report issued on June 27. However, on June 25, J.P. Morgan maintained a Buy rating on Prada SpA (Other OTC: PRDSF).
Based on Prada SpA's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.88 billion and a net profit of $455.41 million. In comparison, last year the company earned a revenue of $2.49 billion and had a net profit of $365.86 million
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