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ITX Industria de Diseno Textil SA News Story

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UBS raises Inditex to 'buy' on strong start to autumn season

** UBS upgrades fashion retailer Inditex ITX.MC to "buy", from "neutral", pointing to renewed confidence after sales picked up in a "strong start to the important autumn-winter season"

** Raises Inditex's PT to 52 euros, expecting 8% midterm local currency growth, supported by stable industry-leading margins and expansion potential in the U.S. by the owner of the Zara brand

** "We don't extrapolate the Q3 current trading to 2H26e but feel confident" that co will drive 9% EPS CAGR over next 4 years, UBS says

** Including current session's gains, stock has dropped 7% since the beginning of the year

** Out of 28 analysts that cover Inditex, 19 rate the stock "strong buy" or "buy", ​eight rate it "hold" and one rates the stock "strong sell"​​, according to LSEG data

 (Reporting by Javi West Larrañaga)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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