Ferragamo drops after Banca Akros cuts to 'sell'

Salvatore Ferragamo

08/01/2026 11:51

** Shares in Salvatore Ferragamo SFER.MI fall around 8% after Banca Akros cut its rating on the Italian fashion company to "sell" from "neutral"

** A trader also points to some profit-taking after recent share price rally; stock up about 86% since lows in September

** The Italian brokerage cuts its 2026 EBIT estimates for Ferragamo to 12 million euros ($14 million) from 29 millions, 60% below consensus

** It points to higher operating costs and unfavourable currency exchange rates impacting "flattish" reported sales and margins

** It adds that its 2025 revenue estimates are "broadly in line with Visible Alpha consensus", expecting Q4 performance in line with the previous quarter

** The broker also lowers PT by 5% to 5.7 euros

** Out of 13 analysts that cover Salvatore Ferragamo, ​one rates the stock "buy,"​​ eight rate it "hold", and four​ "strong sell" or "sell" - LSEG data

($1 = 0.8563 euros)

 (Reporting by Mirko Miorelli)

 ((Mirko.miorelli@thomsonreuters.com))