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Emmanuel Macron's chief adviser, Alexis Kohler, has resigned to join Société Générale as executive vice-president, overseeing mergers, acquisitions, and financing. Kohler, a key figure in the Élysée Palace since 2017, will support CEO Slawomir Krupa's turnaround strategy amid ongoing challenges at the bank. His move follows a formal investigation regarding past favoritism, which he denies.
UBS has reduced its price target for Hermès from €3205 to €2975 while maintaining a "Buy" rating ahead of the company's quarterly results. Analyst Zuzanna Pusz noted a strong start to the year for the luxury goods group, reflecting her updated forecasts and sector valuation changes. Hermès and Richemont remain her top picks in the sector.
UBS has lowered its target price for Burberry, 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. There are no financial ties between BOURSORAMA and the companies mentioned, ensuring objectivity in the analyses published.
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%).
The CAC 40 index is testing crucial support at 7900 points amid uncertainty surrounding upcoming U.S. tariffs, which could significantly impact global markets. A scenario of high tariffs may lead to recession fears, while moderate measures could stabilize investor sentiment. Additionally, the U.S. employment report due on April 4 will be pivotal in shaping market expectations.
Wells Fargo analyst Omar Mejias upgraded Universal Music Group NV from Equal Weight to Overweight, raising the price target from €28 to €33. Mejias anticipates a reacceleration in subscription revenue growth, adjusting the CAGR from 8% to 10%, and believes the valuation multiple will rise closer to historical levels due to UMG's strong market position and potential U.S. listing.
Société Générale, a major French banking group, reports a diverse net interest income distribution: 37.2% from financing and investment banking, 31.8% from retail banking in France, 15.8% from specialized financial services, and 15.2% from international retail banking. By the end of 2024, the group managed EUR 525 billion in current deposits and EUR 454.6 billion in current credits, with geographical income sources primarily from France (41.5%) and Europe (36%).
UBS has maintained a "Buy" rating on Richemont and has raised its guidance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has not influenced the analysis, which is provided for informational purposes only and carries no contractual value. The institution adheres to strict conflict of interest management policies to ensure objectivity in its investment recommendations.
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 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.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
macron adviser alexis kohler takes senior role at societe generale
11:55 28.03.2025
ubs lowers hermes price target but maintains buy rating
11:55 28.03.2025
Burberry target price lowered by UBS amid market analysis update
11:43 28.03.2025
Hermès International reports strong luxury goods sales and global store expansion
11:42 28.03.2025
cac 40 tests key support as markets await us tariff announcements
11:21 28.03.2025
Wells Fargo upgrades Universal Music Group stock to overweight with new price target
11:20 28.03.2025
société générale reports strong net interest income across diverse banking activities
11:01 28.03.2025
ubs upgrades richemont rating to buy with revised guidance
11:01 28.03.2025
ubs lowers hermès price target but maintains buy recommendation
10:28 28.03.2025
ubs lowers hermes price target but maintains buy recommendation
10:24 28.03.2025
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