Bank of America has increased its price target for Inditex to €65 per share, signaling renewed confidence in the Spanish fashion retailer's strategic direction.
The upgrade reflects the bank's positive assessment of the company's recent capital allocation and operational execution.
Barclays has also joined Bank of America in signaling that Inditex remains well-positioned for continued growth, reinforcing the bullish sentiment among major European banks.
Inditex shares traded higher in early European trading, responding to the upgraded valuation framework.