Daiwa: Miu Miu's revenue growth is further slowing down and Prada's target price is lowered to 51 Hong Kong dollars.

Zhixin Finance APP learned that Morgan Stanley released a research report stating that the upcoming wave of creativity poses a risk to Prada (01913.HK). With highly respected creative directors joining competitive brands, Morgan Stanley finds it difficult to see how Prada and MiuMiu will maintain growth momentum. Even though they believe the group maintains good management and the stock is cheap, they have not seen a reason for the group to outperform other competitors in the coming months. Therefore, they have slightly lowered the target price from HK$53 to HK$51 and maintain a rating of "in line with the market."