** 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;))