Accueil > Actualité
Actualite financiere : Actualite bourse

Hermès: Stifel raises target price

( - While maintaining its 'hold' rating on Hermès shares, Stifel has raised its target price for them from E1950 to E2100, after raising its EBIT forecasts for 2024-25 by 4% following the luxury house's annual results announced last week.

"Average pricing is decelerating in 2024 for the sector, but
accelerating for Hermès from +7% in 2023 to +8-9% in 2024, further enhancing its earnings visibility", the broker highlights in its summary.

Stifel remains "tactically constructive on Hermès given that its proven defensive attributes tend to shine when the sector growth decelerates: this should be especially pronounced during the 1Q24 earnings season", which it expects to be particularly pronounced during the Q1 earnings season.

Copyright (c) 2024 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.