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Hermès International reports strong luxury goods sales and global store expansion

Hermès International, a leader in luxury goods, reports that leather goods and saddlery account for 41.3% of sales, followed by clothing and accessories at 28.9%. The company operates 294 stores globally, with significant sales in Asia-Pacific (46.7%) and the Americas (18.6%).

ubs lowers hermès price target but maintains buy recommendation

UBS has lowered its price target for Hermès International from 3205 to 2975 euros while maintaining a 'buy' recommendation, indicating a 20% upside potential for the stock. The broker anticipates the company will showcase resilient growth in the first quarter, despite challenges in leather goods deliveries.

ubs lowers hermes price target but maintains buy recommendation

UBS has maintained its 'buy' recommendation for Hermès International while reducing its price target from €3,205 to €2,975, indicating a 20% upside potential. The broker anticipates the luxury brand will showcase resilient growth in the upcoming first quarter, despite challenges in leather goods deliveries.

analysts update recommendations and price targets for key european stocks

Analysts have made several notable adjustments to their recommendations and price targets for various companies. Aedifica's target was raised to EUR 63 by Morgan Stanley, while BE Semiconductor Industries was upgraded to neutral by Nomura with a target of EUR 124. Carrefour saw mixed reviews, with price targets reduced by multiple firms, and Sanofi was downgraded by Zacks to underperform with a target of USD 46.

Hermès International reports strong luxury goods sales and global store expansion

Hermès International, a leader in luxury goods, reports a diverse sales breakdown: leather goods (41.3%), clothing and accessories (28.9%), silk products (6.9%), watches (4.6%), perfumes (3.7%), and others (14.6%). By the end of 2023, the company will operate 294 stores globally, with significant sales in Asia-Pacific (46.7%) and the Americas (18.6%).

cac 40 surges to three month high driven by luxury goods performance

The CAC 40 surged over 2% to a three-month high, breaking the 7500-point resistance, driven by strong performances from luxury stocks like LVMH and Hermès following Richemont's better-than-expected Q4 results. Despite previous pressures from political and economic uncertainties, the index may be on the verge of a significant bullish turnaround, potentially reaching new highs if supported by positive global economic news.

hermes shares show signs of recovery amid economic challenges

Hermès shares have shown a bullish trend, recovering over 15% since late November, reaching €2,300, close to their March record of €2,432. The stock's positive momentum is supported by favorable technical signals, although the global economic outlook and potential US trade policies remain critical factors influencing performance. Investors are advised to consider buying above €2,220, targeting €2,400 and €2,500, with a stop at €2,200.

Analysts Update Recommendations and Price Targets for Key European Stocks

Analysts have made several notable adjustments to their recommendations and price targets for various companies. Allianz sees a downgrade from Jefferies, while Euronext and Fnac Darty receive upgrades. Kering remains underweight, and UBS Group's rating shifts from Outperform to Neutral. Other companies like Lonza and Soitec also see target price increases.
08:39 13.12.2024

ubs lowers hermes price target to 2475 euros maintains buy rating

UBS has reduced its price target for Hermes from 2515 to 2475 euros while maintaining a "Buy" rating. Analyst Zuzanna Pusz expressed optimism for the luxury brand despite challenging industry conditions, factoring in higher taxes in France. Hermes continues to thrive with a diverse product range and a global store network of 294 locations.
11:13 03.12.2024
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