Prada: Stand Out Luxury Stock (Rating Upgrade)
PRDSYPRADA(PRDSY) seekingalpha.com·2024-05-23 08:34
resulmuslu/iStock Editorial via Getty Images Since the last time I wrote about the luxury fashion stock Prada (OTCPK:PRDSF) (OTCPK:PRDSY) in November last year, its price is up by 35% and the total returns are even bigger at 37%. This is an impressive increase, and in stark contrast with my Sell rating on it at the time, which was based on slowing down in its sales growth, compounded with the likelihood of a slowdown in the luxury sector and its elevated market multiples compared with peers. Rise in lux ...