Goldman Sachs Lowers Zegna Rating as Recent Rally Narrows Upside
Goldman Sachs downgraded Zegna from Buy to Neutral while nudging up its 12-month price target to $14 from $13.30. The bank said much of its investment case is already priced into the stock after a strong rally this year, with Zegna outperforming peers and key indexes. Goldman maintained most revenue projections and modestly raised margin forecasts …