UBS maintains neutral rating for Kering amid challenging sales figures

Kering's third-quarter sales figures have led UBS to maintain its "Neutral" rating for the luxury goods group, with a target price of 227 euros.

Analyst Zuzanna Pusz has highlighted the challenges Kering is facing in the current market environment, reflecting broader trends in the luxury sector.

The bank's analysis raises concerns about the company's performance, which could impact investor sentiment going forward.

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