ubs raises hermes price target to 2515 euros maintaining buy rating

UBS has raised its price target for Hermès International SCA from 2,390 euros to 2,515 euros, while maintaining a "Buy" rating.

According to analyst Zuzanna Pusz, Hermès' recent quarterly performance was encouraging considering recent industry developments. Pusz also adjusted her earnings estimates for Hermès for 2025 and 2026, reflecting a positive outlook compared to sector valuation benchmarks.

The report was published on October 25, 2024, at 06:00 GMT. As of the latest trading data, Hermès shares are priced at 2,105 euros, showing a 1.15% increase. The stock has experienced fluctuations, with a year high of 2,441 euros and a year low of 1,717 euros. Trading activity has been observed on various platforms, including Tradegate and Nasdaq OTC, indicating strong investor interest.

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