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Fly News Breaks for June 27, 2019
PRDSY
Jun 27, 2019 | 16:16 EDT
Goldman Sachs analyst Louise Singlehurst downgraded Prada to Sell from Neutral as she lowered her growth assumptions. If she adjusts for company-imposed activities to reduce markdown and wholesale activity, she expects underlying growth of about 2%, which is below her industry forecast of 6% growth, the analyst tells investors.
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