Hermes: UBS raises target price

(CercleFinance.com) - UBS confirms its buy rating on the Hermes stock, increasing its target price for it to 2,003 euros (from 1782 euros) after its 2022 results.


"Blowout numbers and pricing point to further upside," UBS highlights.

"We are 11%/8%/6% above cons EPS in 2023/24/25E," the broker also said.


Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.