Macquarie: Lower Prada's (01913) target price to HK$59, indicating concerns about the slowdown in growth for Miu Miu in the market.

Zhitong Finance APP learned that Morgan Stanley released a research report stating that after factoring in the adverse impact of exchange rates, the net profit forecasts for Prada (01913) for the years 2025 to 2027 were revised down by 1.5%, 1.3%, and 1.3% respectively; Based on a constant estimated price-to-earnings ratio of 20 times for 2025, the target price was lowered by 2%, from 60 Hong Kong dollars to 59 Hong Kong dollars, with a rating of outperforming the market.