UBS has revised its price target for luxury brand Hermès, lowering it to 2,475 euros while maintaining a "Buy" rating.
Analyst Zuzanna Pusz expressed optimism for Hermès as it enters the new year, despite the challenging conditions in the luxury goods sector.
The updated profit estimates reflect anticipated higher taxes in France, indicating a cautious yet positive outlook for the company.
The report was published on December 2, 2024, and highlights Hermès' resilience in a difficult industry environment.