Hermès: UBS raises target price
(CercleFinance.com) - UBS has confirmed its 'buy' recommendation on Hermès International shares, with a TP raised from E2,390 to E2,515, representing a 21% upside potential for the luxury house's shares, following a 'reassuringly unexciting quarter'.
Hermès posted solid double-digit growth in the third quarter, with all regions except APAC (excluding Japan) performing strongly, as expected, the broker says, for which the stock remains "one of its top picks".
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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.
Hermès posted solid double-digit growth in the third quarter, with all regions except APAC (excluding Japan) performing strongly, as expected, the broker says, for which the stock remains "one of its top picks".
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.