Prada downgraded by Goldman Sachs amid waning consumer confidence

Jun. 14, 2022 1:18 PM ETPrada S.p.A. (PRDSY)LVMHF, CFRHF, HESAY, SFRGFBy: Kevin P. Curran, SA News Editor

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Bill Chizek/iStock Editorial via Getty Images

A less confident consumer was cause enough for Goldman Sachs to cut forecasts for Prada (OTCPK:PRDSY).

The bank indicated that the risk/reward profile of the stock is no longer as attractive as it

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