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UBS has revised its ratings and target prices for several European luxury stocks. Salvatore Ferragamo's recommendation was upgraded to "Neutral," while Brunello Cucinelli's target price increased to €108. Moncler's target price was cut to €50. Hugo Boss received a "Buy" upgrade with a target price of €49, while Hermes' target price decreased to €2,475. In contrast, Burberry's target price rose to 1,000p, Richemont to CHF 150, Kering to €228, LVMH to €648, and Swatch to CHF 140.
UBS has revised its ratings and target prices for several major European luxury stocks. Notably, it upgraded Hugo Boss to "Buy" with a target price of 49 euros per share, while cutting Moncler's recommendation to 50 euros. Target prices were also adjusted for brands like Hermes, Burberry, Richemont, Kering, LVMH, and Swatch.
Moncler has received downgrades from UBS, JP Morgan, and AlphaValue due to concerns over slowing Chinese demand, despite solid performance. UBS lowered its target price from 63 to 53 euros, while JP Morgan adjusted its forecast for fiscal 2024-26 down by 5-7 percent. Analysts highlight risks in the upcoming quarters but note potential upside from new collections and seasonal demand.
Brunello Cucinelli S.p.A.
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ubs revises luxury stock ratings with target price adjustments
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RICHEMONT, Intellectual Property Services
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12:02 03.12.2024
UBS Adjusts Ratings and Target Prices for European Luxury Stocks
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British Pound Sterling
Burberry Group plc
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RICHEMONT, Intellectual Property Services
Brunello Cucinelli S.p.A.
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Hugo Boss AG
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11:02 03.12.2024
moncler faces downgrades amid concerns over slowing chinese demand
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Alphavalue SA
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09:00 24.09.2024
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