Hermes: Invest Securities ups target price

(CercleFinance.com) - This morning analysts at Invest Securities consider the extraordinary valuation of the Hermes share.
They confirm their Neutral rating on the share, although have added almost 100 euros to their target price, which is currently 623 euros - matching the share's current price (vs. 525 euros previously).

Their analysts believe that from a financial point of view, the strength of the model is based on the company's steady growth... which, over the long term justifies a complete offset the sector's cyclical nature, and organic performances that exceed the averages posted by peers.


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