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Ermenegildo Zegna NV (Symbol: ZGN) has surpassed the average analyst 12-month target price of $10.09, trading at $10.14 per share. This price movement prompts analysts to either downgrade their valuation or adjust their target to a higher level, influenced by recent business developments.
The average target is supported by seven analysts, with forecasts ranging from $7.90 to $11.50, resulting in a standard deviation of $1.179. Currently, analysts give Zegna 4 strong buy ratings, 4 hold ratings, and no sell ratings, leading to an average rating of 2.0 on a scale where 1 is strong buy and 5 is strong sell.
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