Kering: Jefferies cuts target price

(CercleFinance.com) - While maintaining its 'hold' recommendation on Kering, Jefferies has reduced its price target from E340 to E300, believing that hopes that Kering might have been able to meet expectations proved misplaced at the time of its H1 publication.


While Gucci's (and the group's more broadly) upward trajectory continues, it appears to be delayed by intensifying challenges (particularly in travel spending), analysts say, reducing estimates by 18% for 2024 and by 7% for 2025.


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