UBS has adjusted its price target for H&M, reducing it to 187 Swedish kronor while keeping a "Buy" rating.
Analyst Sreedhar Mahamkali expects a mixed performance for the fashion chain's fourth quarter, leading to a slight decrease in profit forecasts for the financial years 2023/24 to 2025/26.
Despite this adjustment, the shares are considered to have an appealing risk/reward ratio.
H&M shares are currently trading at €13.345, showing a positive trend with a 1.95% increase.
The stock has experienced fluctuations on various trading platforms, particularly in Düsseldorf, Xetra, and Stuttgart.
The highest price for H&M shares in the past year is €17.35, while the lowest is €12.03.