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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.
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 increased its price target for Kering from 227 to 228 euros while maintaining a "Neutral" rating. Analyst Zuzanna Pusz indicated that 2025 is unlikely to be a strong year for Gucci, according to her recent outlook.
Kering, a global luxury goods group, encompasses renowned brands such as Gucci, Saint Laurent, and Bottega Veneta, focusing on creativity and sustainability. In 2023, the company employed nearly 49,000 people and achieved sales of €19.6 billion, operating 1,771 stores worldwide, with significant presence in Western Europe and Asia-Pacific.
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.

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