Investors Bet on Farfetch's Curated Fashions
6 monthes ago - By WWD
Stock analysts welcomed Farfetch to the market with a big thumbs up, even though shares of the e-commerce platform have fallen from their post-IPO highs amid worries of a luxury slowdown.
Equity analysts at Wells Fargo, Cowen and Deutsche Bank all kicked off their coverage of Farfetch with ratings of “outperform” or “buy.”
Shares of the luxury platform jumped 8.5 percent to $24.96 Tuesday, which turned out to be a big day for investors. The Dow Jones Industrial Average surged 547.87 points, or 2.2 percent, to close 25,798.42.
Farfetch's stock has been of particular interest on Wall Street...
Read more ...
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