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Goldman Sachs Maintains Buy on Inditex With €61 Price Target

Inditex logoInditex
Sig1.15Sen+3.25Env0.00Soc0.00Gov0.00

Goldman Sachs maintained a Buy rating on Inditex, setting a €61.00 price target after shares closed at €54.48. The report cites a Strong Buy analyst consensus and an average target of €61.81. Inditex reported €8.75 billion quarterly revenue and €1.38 billion net profit for the quarter ended April 30, up from €8.27 billion and €1.31 billion a year earlier, with increased insider share buying.

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