TD Cowen Upgrades Ermenegildo Zegna to Buy Amid Strong Client Base and Customization Appeal

TD Cowen upgraded Italian fashion brand Ermenegildo Zegna (ZGN) from hold to buy, citing its durable core business and strong client relationships. The firm raised the price target for shares to $15 from $13, implying a potential 20% upside.

By Liz Napolitano · CNBC · May 20, 2026, 14:30 UTC

Tickers: $ZGN

Topics: clienteling strategy investment upgrade luxury goods

Read the full article at CNBC

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