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UBS has maintained a 'Neutral' rating for Kering, setting a target price of 227 euros following disappointing third-quarter sales figures. Analyst Zuzanna Pusz noted that the luxury goods group is facing significant challenges. As of October 24, Kering's stock was trading at approximately 235.25 euros, reflecting a 3.23% increase.
UBS has maintained a "Neutral" rating for Kering, setting a target price of 227 euros following the release of third-quarter sales figures. Analyst Zuzanna Pusz noted that the revenue results indicate the luxury goods group is facing significant challenges.
UBS has maintained a 'Buy' rating for Hermès, setting 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 aligns well with market expectations. Hermès specializes in luxury products, with a diverse portfolio including leather goods, clothing, and accessories, and operates 294 stores globally.
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.
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.
UBS has maintained a 'Neutral' rating for Kering, setting a target price of 227 euros following the company's challenging third-quarter sales figures. Analyst Zuzanna Pusz highlighted the difficulties faced by the luxury goods group, which includes renowned brands like Gucci and Saint Laurent. Kering reported revenues of EUR 19.6 billion in 2023 and operates 1,771 stores globally.
UBS has reduced its price target for LVMH from 660 to 629 euros, maintaining a "Neutral" rating following disappointing third-quarter sales figures. Analyst Zuzanna Pusz noted that the weaker-than-expected performance is likely to dampen investor sentiment, with declining demand for luxury goods observed not only in China but globally.
UBS has reduced its price target for LVMH from 660 to 629 euros, maintaining a "Neutral" rating following disappointing third-quarter sales figures. Analyst Zuzanna Pusz noted that the weaker-than-expected performance is likely to dampen investor sentiment, with declining demand for luxury goods observed not only in China but globally.
UBS has assigned Adidas a "Buy" rating with a target price of 279 euros, following the sportswear company's preliminary quarterly results. Analyst Zuzanna Pusz highlighted a surprisingly high gross margin in her initial assessment.
UBS has maintained a "Neutral" rating on LVMH with a target price of 660 euros following disappointing third-quarter sales, particularly in the crucial fashion and leather goods division. Analyst Zuzanna Pusz expressed concerns over the group's performance in her initial reaction.
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