PRADA
Deutsche Bank believed and hoped PRADA (01913.HK) -0.150 (-0.312%) Short selling $12.87M; Ratio 35.577% 's performance had reached bottom in the third quarter. Looking ahead for the fourth quarter, with the Asian business getting back to normal, relatively low base in the second half of the year and the launch of new products, the company's sales growth may accelerate. Given the expected negative trend of the company's revenue, coupled with deleveraging, the company's EPS forecasts for FY2014-2015 were further cut by 7% and 5% respectively. The Hold rating was maintained and target price was reduced from $55 to $54.
Deutsche Bank believed and hoped PRADA (01913.HK) -0.150 (-0.312%) Short selling $12.87M; Ratio 35.577% 's performance had reached bottom in the third quarter. Looking ahead for the fourth quarter, with the Asian business getting back to normal, relatively low base in the second half of the year and the launch of new products, the company's sales growth may accelerate. Given the expected negative trend of the company's revenue, coupled with deleveraging, the company's EPS forecasts for FY2014-2015 were further cut by 7% and 5% respectively. The Hold rating was maintained and target price was reduced from $55 to $54.
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