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Prada’s Unfavorable 4Q Start a Rising Concern, Bocom Says 2013-12-23 01:14:04.738 GMT
By Lisa Pham Dec. 23 (Bloomberg) -- Core European mkt seeing further slowdown in Nov., Dec. to date, analyst Phoebe Wong writes in research note. * Europe, Greater China 3Q sales growth slowed the most * Bocom sees fiscal yr 2014 operating margin flat at 27%; cuts EPS ests. by 8% for fiscal yr 2014, by 9% for fiscal yr 2015 on lower margin, SSS growth assumptions * PT cut to HK$62 from HK$69.60; neutral reiterated * NOTE: Prada said it may fall short of analysts’ ests. for fiscal-year revenue * 22 buys, 11 holds, 2 sells: Bloomberg data * Shrs down 3.3% YTD vs 0.7% rise for Hang Seng Index
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