Can Ermenegildo Zegna NV (ZGN) Sustain the Momentum with Affluent Consumers?

Ermenegildo Zegna Group (NYSE:ZGN) is among the best Italian stocks to buy in 2026. On February 12, Morgan Stanley upgraded Ermenegildo Zegna Group (NYSE:ZGN) stock rating to Equalweight from Underweight and assigned it a price target of $11. For this action, Morgan Stanley analysts pointed to Zegna’s better-than-expected Q4 2025 sales results. Can Ermenegildo Zegna NV (ZGN) Sustain the Momentum with Affluent Consumers? Sorbis/Shutterstock.com Morgan Stanley analyst Natasha Bonnet is cautiously optimist ...