UBS Adjusts Ratings and Target Prices for European Luxury Stocks

UBS has made revisions to its ratings and target prices for several major European luxury stocks, indicating a change in its recommendations.

Hugo Boss has been upgraded from "Neutral" to "Buy," with the target price raised to €49 per share from €41.

Salvatore Ferragamo's rating has been improved from "Sell" to "Neutral," and Brunello Cucinelli's target price has been increased to €108 per share from €106.

On the other hand, UBS has reduced the target price for Moncler to €50 per share from €53 and for Hermès to €2,475 from €2,515.

Other adjustments include an increase in the target price for Burberry to 1,000p from 975p, Richemont to CHF 150 from CHF 144, Kering to €228 from €227, LVMH to €648 from €629, and Swatch to CHF 140 from CHF 127.

These changes reflect a cautious optimism in the luxury sector, with selective upgrades and downgrades based on market dynamics.

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings