![Actualite financiere : Actualite bourse](/img/photos/photo//855472000_71.jpg)
L'Oréal: Stifel lowers target price
(CercleFinance.com) - While maintaining its 'buy' recommendation on L'Oréal, Stifel has lowered its price target from E470 to E450, in the wake of a 1.
5% reduction in its 2024-25 OP expectations for the cosmetics group.
The broker factors in weaker growth assumptions for luxury goods and North Asia, due to persistently low Chinese consumer confidence and deteriorating momentum in Chinese shopping mall footfall.
While acknowledging the weak market trends in China in Q2, Stifel nevertheless considers that these can be largely priced in, with the stock having fallen 10% over the past month.
Copyright (c) 2024 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.
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.
5% reduction in its 2024-25 OP expectations for the cosmetics group.
The broker factors in weaker growth assumptions for luxury goods and North Asia, due to persistently low Chinese consumer confidence and deteriorating momentum in Chinese shopping mall footfall.
While acknowledging the weak market trends in China in Q2, Stifel nevertheless considers that these can be largely priced in, with the stock having fallen 10% over the past month.
Copyright (c) 2024 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.
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.