Arezzo Faces 22% Decline: Sales Slump as Goldman Stands Firm on Buy Rating

In the first quarter of 2024, Arezzo’s shares plummeted 22% amidst tepid sales and skepticism over its merger plans with Grupo Soma. Despite these setbacks, Goldman Sachs remains bullish, setting a target price of R$74, deeming the current market fears overstated. Arezzo (ARZZ3) is a Brazilian retail company that designs, manufactures, and sells women’s shoes, […]