1154 GMT - Salvatore Ferragamo seems to be making progress, but continues to face challenging market conditions, analysts at UBS write in a research note. "While we see clear signs of improvement in [Salvatore Ferragamo's] underlying fundamentals, we continue to flag risks to the topline trajectory in a fragile consumer and geopolitical environment," the analysts say. The company's results fourth-quarter results reinforced the U.S. luxury market's strength at a time when China, another key market for both the industry and the company, continues to face volatile demand for luxury goods. UBS confirms its neutral rating on the stock. Shares are up 1.2%. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
March 13, 2026 07:54 ET (11:54 GMT)
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