Interparfums: stock up on broker comments
(CercleFinance.com) - The Interparfums share has risen by up to 3% on Monday (up about 2% at 4 pm), boosted by Credit Suisse comments, which raised its target price from 33 euros to 38 euros, while maintaining its "neutral" rating on the stock given downside potential it estimates at around 8%.
After a pre-announcement of H1 sales last Friday, the broker revised its adjusted EPS estimates for the fragrance group, raising its 2020 assumption by 15% to 0.16 euro, although lowering its 2021 estimate by 3.3% to 1.01 euro.
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