RBC sees further share gains for 'staples-like' Inditex, upgrades to 'outpeform'

Industria de Diseno Textil SA

24/11/2025 08:28

** RBC upgrades Spanish fashion retailer Inditex ITX.MC to "outperform" from "sector perform", saying it is one of the most "staples-like" companies in the retail sector

** Inditex's strong product offer and ability to respond to fashion trends, "should lead to further LFL share gains from independents, department stores and weaker specialists," RBC says

** The brokerage expects structural market share gains and a positive inflection in free cash flow as capital expenditure normalises following heavy investments in logistics capabilities

** RBC raises its PT to 52 euros from 49 euros, highlighting that the company's valuation now looks moderate versus its global peers

** Inditex, which owns Zara, will report third-quarter results on December 3

(Reporting by Javi West Larrañaga)

((javier.west@thomsonreuters.com; +34 918 35 61 12))