Why Ermenegildo Zegna Stock Tumbled by Over 13% Today
Ermenegildo Zegna(US:ZGN) The Motley Fool·2026-01-17 00:01A one-time bull got more bearish on the menswear company's prospects.Ermenegildo Zegna (ZGN 13.25%) stock wasn't fashionable at all for a great many investors on Friday. A recommendation downgrade from a prominent bank sent the menswear specialist's shares down sharply in price, to the point where they closed the trading session more than 13% lower.From buy to holdThe downgrading party was Bank of America Securities' Daria Nasledysheva. In her latest Zegna update, she changed her recommendation to neutral f ...