Reported about 1 year ago
RBC Capital Markets analyst Piral Dadhania, known for his bearish views on Pandora A/S, has adjusted his price target for the Danish charm-bracelet maker downwards due to rising raw material expenses. Dadhania's new forecast suggests an 8% decline in Pandora's shares over the next year, contrasting the consensus target for a 20% increase. The company's stock, which hit a record high earlier in the year, has dropped by 17% since March, with analysts split between sell and buy ratings. Dadhania anticipates higher operating expenses for Pandora's new collection launch, impacting the company's financial performance.
Source: YAHOO