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.