Citi analyst Catherine O’Neill lowered the firm’s price target on Farfetch to $4 from $6 and keeps a Sell rating on the shares. The analyst remains "skeptical" on further contract wins and is cautious on the risk of an ongoing promotional environment due to pressure on consumer discretionary spend.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on FTCH: