Richemont: Stifel still buying with TP of 150CHF
(CercleFinance.com) - Stifel maintains its Buy rating on Richemont shares, along with its target price of 150 CHF.
The analyst has reduced his EBIT forecast for Richemont for FY 2025-26 by 2%, ahead of H1 25 results due on 8 November.
The broker believes that Cartier and Van Cleef have probably outperformed the sector in Western markets, mitigating the difficulties encountered in Asia.
The recently announced sale of YNAP has, according to the analyst, mitigated equity-related risks and strengthens our buy position.
These positive elements offset, according to Stifel, the risks associated with macro-cyclical headwinds for watches and jewelry in China and the structurally weak profitability of its other houses.
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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.
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.
The analyst has reduced his EBIT forecast for Richemont for FY 2025-26 by 2%, ahead of H1 25 results due on 8 November.
The broker believes that Cartier and Van Cleef have probably outperformed the sector in Western markets, mitigating the difficulties encountered in Asia.
The recently announced sale of YNAP has, according to the analyst, mitigated equity-related risks and strengthens our buy position.
These positive elements offset, according to Stifel, the risks associated with macro-cyclical headwinds for watches and jewelry in China and the structurally weak profitability of its other houses.
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.