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

Marfa Sculpture

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

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.