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UBS has reduced its price target for H&M from 191 to 187 Swedish kronor while maintaining a "Buy" rating. Analyst Sreedhar Mahamkali anticipates a mixed fourth quarter and has slightly lowered profit forecasts for the financial years 2023/24 to 2025/26, though he finds the risk/reward ratio of the shares appealing. H&M operates 4,369 points of sale globally, with significant sales contributions from Germany and the United States.
UBS has maintained its "Buy" rating for H&M, setting a target price of 191 Swedish kronor. Analyst Sreedhar Mahamkali noted that while sales recovery remains a concern, there are initial signs of progress, emphasizing the importance of consistent growth for the fashion retailer.
H & M Hennes & Mauritz AB (publ)
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UBS lowers H&M price target to 187 kronor while maintaining buy rating
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21:16 02.12.2024
ubs maintains buy rating for h&m with target price of 191 kronor
12:38 13.11.2024
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