UBS has raised its price target for Hermès from €2,390 to €2,515 while keeping a "Buy" rating.
Zuzanna Pusz, an analyst, mentioned that the luxury goods company's recent quarterly performance was not particularly noteworthy, but it was encouraging considering recent industry developments.
Pusz also adjusted her earnings estimates for Hermès for the years 2025 and 2026, reflecting a positive outlook compared to sector valuation benchmarks.