Hermès, a luxury goods group, has received a 'Buy' rating from UBS. The target price set by UBS is 2,390 euros, based on the third-quarter sales figures.
Hermès specializes in luxury products, with net sales primarily coming from leather and saddlery, clothing, footwear, accessories, and silk and textile goods. The company has 294 stores worldwide, with significant sales from the Asia/Pacific region and America.
The revenue results were in line with consensus estimates, indicating the brand's strong market position. The average target price for Hermès is 2,197.70 euros, suggesting a potential upside of 6.63% from the last closing price.