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PPRUF - Prada: Stand Out Luxury Stock (Rating Upgrade)
Kering S A
2024-05-22 20:34:33 ET
Summary
In a slowing luxury market, Prada stands out for its double-digit revenue growth and rising net margins.
It's little wonder then that it's trading at a premium compared to other luxury stocks, and there can be justification for an even higher premium.
If it maintains its current performance, the stock has good prospects for the rest of 2024 and its ability to grow in challenging times also makes it a long-term buy.