Barclays and Bank of America raise Inditex's share price target

Madrid – Adding to the recent series of analyst recommendations on Inditex and its business model, British financial institution Barclays has issued a new report. The report assesses the strengths and potential of the Spanish fashion multinational. The company is expected to perform remarkably well both on and off the stock market. Consequently, Barclays has decided to raise its price target for Inditex shares, which have seen their trading value soar in response.