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hermès appoints new board members including bnpparibas ceo and former spy chief
Hermès International is appointing BNP Paribas CEO Jean-Laurent Bonnafé and former French spy chief Bernard Emié to its board, replacing Dominique Senequier and Alexandre Viros, respectively. The changes will be voted on at the shareholders' meeting on April 30 in Paris. Bonnafé and Cécile Béliot-Zind, CEO of Bel Group, will serve three-year terms, while Emié's term will last two years.
Hermès appoints BNP Paribas CEO and former spy to its board
Hermès International SCA is appointing BNP Paribas CEO Jean-Laurent Bonnafé and former French spy agency chief Bernard Emié to its board. Bonnafé replaces Dominique Senequier, the current vice chairwoman, while Emié brings extensive experience from leading France’s DGSE until January 2024.
ubs upgrades hermes to buy with target price of 2475 euros
UBS has upgraded Hermès to a 'Buy' rating with a target price of €2,475, following the luxury goods group's strong fourth-quarter performance that exceeded expectations. Analyst Zuzanna Pusz highlighted the unique business model and favorable industry trends benefiting only a select few players.
ubs maintains buy rating on richemont amid cautious luxury spending
UBS AG maintains a "Buy" rating for Richemont shares, despite cautious spending on luxury goods in China, according to analyst Zuzanna Pusz. Jewelry demand remains strong, while handbags are less popular. Richemont shares dipped 0.3% to CHF 138.05, with 148,231 shares traded.
UBS has increased its price target for Hermès from 2390 to 2515 euros, maintaining a "Buy" rating. Analyst Zuzanna Pusz noted that while the last quarter was unremarkable for the luxury brand, the results were encouraging amid recent industry trends, prompting raised earnings estimates for 2025 and 2026.
ubs upgrades hermes to buy with target price of 2390 euros
UBS has upgraded Hermès to a 'Buy' rating with a target price of 2390 euros following the release of third-quarter sales figures, which met consensus estimates. Analyst Zuzanna Pusz noted that the luxury goods group's revenue performance was broadly in line with expectations. As of October 24, 2024, Hermès shares were trading at approximately 2.082 euros, reflecting a 1.12% increase.
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