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Hermès continues to thrive amid a global luxury slowdown, driven by the enduring appeal of its Birkin and Kelly handbags, which account for up to 28% of its revenue. Despite a decline in overall luxury spending, Hermès reported double-digit growth in its latest quarter, contrasting sharply with competitors like LVMH and Kering. The brand's focus on quality and exclusivity has attracted high-end consumers willing to spend more per transaction, reinforcing its market position.
Hermès shares rose 1% today, marking a third consecutive day of growth, following a positive recommendation from UBS. The firm raised its price target from €2,390 to €2,515, indicating a potential upside of 21%, while the luxury brand reported strong double-digit growth in the third quarter across most regions.
Hermès shares rose 1% today, marking a third consecutive session of growth, driven by UBS's positive recommendation. The firm raised its price target from €2,390 to €2,515, indicating a potential upside of 21%. The luxury brand reported strong double-digit growth in Q3, with all regions performing well except for APAC (excluding Japan).
UBS has raised the price target for Hermès, as reported by Cercle Finance and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA acting solely as a distribution channel and maintaining a conflict of interest management policy. The content does not reflect BOURSORAMA's views and is not subject to their responsibility.
UBS has increased its price target for Hermès from €2390 to €2515 while maintaining a "Buy" rating. Analyst Zuzanna Pusz noted that although the last quarter was lackluster for the luxury goods group, the results were encouraging amid recent industry developments, prompting raised earnings estimates for 2025 and 2026.
UBS has maintained its "Buy" rating for Hermès, setting a target price of 2390 euros following the release of the luxury goods group's third-quarter sales figures, which met consensus estimates. Analyst Zuzanna Pusz provided this insight in a report published on October 24, 2024.
European stocks are set for a mixed open as traders await earnings reports from major companies like Barclays and Unilever, amid a backdrop of declining U.S. markets. The U.K.’s FTSE 100 is expected to rise slightly, while Germany’s DAX and France’s CAC are projected to open lower. Global sentiment has been affected by the recent downturn in U.S. indices, with the Dow experiencing its largest one-day loss since early September.
Hermes 3 SCI
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
hermès thrives amid luxury market slowdown with exclusive offerings and strong demand
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