ubs upgrades hermes to buy with target price of 2390 euros

Hermès International SCA has received a 'Buy' rating from UBS, with a target price of 2,390 euros. This upgrade comes after the luxury goods group released its third-quarter sales figures, which were in line with consensus estimates.

The stock is currently trading at around 2,082 euros, showing a 1.12% increase for the day. Despite market fluctuations, Hermès has performed well in the luxury sector, with a year-high of 2,430 euros and a year-low of 1,699 euros.

Other trading platforms, such as Tradegate and Nasdaq OTC, have also reported positive movements in Hermès stock, further boosting investor confidence in the brand's growth trajectory.

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