UBS, a Swiss bank, has reiterated its "Neutral" rating for Kering and set a target price of 228 euros.
Kering recently reached an agreement with Ardian, an investment house, regarding three high-end properties in Paris. This move is part of Kering's strategy to divest from recent real estate investments due to the challenging financial landscape. Analyst Zuzanna Pusz highlighted this in a report published on January 15, 2025.
The market is expected to react positively to this news, reflecting investor sentiment towards Kering's efforts to streamline its balance sheet. Kering's stock has shown notable growth, closing at 224.65 euros, up 1.84% from the previous day. Over the past year, the stock has experienced significant volatility, with a high of 438.95 euros and a low of 206.70 euros.