Shares of one of the world's biggest apparel makers climbed 6% to €33.87 on Wednesday, marking the best session in a little over a year after the retailer...
A surge in shares of Industria de Diseño Textil, otherwise known in Inditex, will be good news for the coffers of co-founder Amancio Ortega, who has been slowly rebuilding his fortune over the past year.
Shares ITX in one of the world’s biggest apparel makers climbed 6% to €33.87 on Wednesday, marking the best session in a little over a year after the retailer reported sales and earnings for the first quarter that beat forecasts. Analysts Richard Chamberlain and Manjari Dhar at RBC said they now expect Inditex to achieve at least 10% reported sales growth this year and more than 20% net income growth. They boosted their price target to €34 to €37.
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