UBS maintains buy rating for Hermès with target price of 2390 euros

Hermès, the luxury goods giant, has received a "Buy" rating from UBS. The target price set by UBS is €2,390, based on the company's third-quarter sales figures.

Analyst Zuzanna Pusz commented that Hermès' revenue results were in line with market expectations, indicating the brand's ongoing strength in the luxury sector. The report, published on October 24, 2024, highlights Hermès' resilience in a competitive market.

UBS's endorsement demonstrates confidence in the company's growth trajectory and its ability to meet consumer demand in the luxury market.

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