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Stock impact report

Can Ermenegildo Zegna NV (ZGN) Sustain the Momentum with Affluent Consumers? [Yahoo! Finance]

Ermenegildo Zegna N.V. (ZGN) 
Company Research Source: Yahoo! Finance
Group (NYSE:ZGN) stock rating to Equalweight from Underweight and assigned it a price target of $11. For this action, Morgan Stanley analysts pointed to Zegna's better-than-expected Q4 2025 sales results. Can Ermenegildo Zegna NV (ZGN) Sustain the Momentum with Affluent Consumers? Sorbis/Shutterstock.com Morgan Stanley analyst Natasha Bonnet is cautiously optimistic regarding Zegna's store portfolio optimization. However, the analyst remains concerned about the company's wholesale rationalization, particularly for the Tom Ford and Thom Browne brands. Previously on February 5, UBS analysts upgraded Ermenegildo Zegna to a Buy from a Neutral and boosted the price target to $11.50 from $11. In taking this action, the analysts pointed to strong momentum in the company's core Zegna brand, noting that Western consumers were driving this momentum. The Zegna brand contributes about 60% of the company's total sales. According to the analysts, the company's strategies are resonating wi Show less Read more
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