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Kering: Jefferies cuts target price
(CercleFinance.com) - While maintaining its 'hold' recommendation on Kering, Jefferies has reduced its price target from E340 to E300, believing that hopes that Kering might have been able to meet expectations proved misplaced at the time of its H1 publication.
While Gucci's (and the group's more broadly) upward trajectory continues, it appears to be delayed by intensifying challenges (particularly in travel spending), analysts say, reducing estimates by 18% for 2024 and by 7% for 2025.
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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.
While Gucci's (and the group's more broadly) upward trajectory continues, it appears to be delayed by intensifying challenges (particularly in travel spending), analysts say, reducing estimates by 18% for 2024 and by 7% for 2025.
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.