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Fly News Breaks for August 6, 2019
PRDSY
Aug 6, 2019 | 07:07 EDT
As previously reported, Bernstein analyst Luca Solca downgraded Prada to Underperform from Market Perform with a price target of HK$21.30. The analyst believes the prospects for global luxury goods demand seem to be "darkening," as the U.S. administration escalates the international trade confrontation with China, the Chinese weaken the CNY, Chinese consumers trends plateau, and Hong Kong upheaval continues.
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