Richemont: Oddo BHF raises TP
(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Richemont shares, with a target price raised from 136 CHF to 177 CHF, judging that with the remarkable acceleration in jewelry at the end of the year, the story remains more attractive than ever within the sector.
The broker highlights the performance of the jewelry division in a luxury goods market that remains subject to headwinds, and a management structure that has become much clearer since the appointment of Nicolas Bos as full CEO.
In addition to raising its earnings estimates and taking into account the year-end effect, these factors lead Oddo BHF, to take integrate more favourable long-term parameters in its DCF valuation of the stock, resulting in a significant increase in its target price.
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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 decision-making aids 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 broker highlights the performance of the jewelry division in a luxury goods market that remains subject to headwinds, and a management structure that has become much clearer since the appointment of Nicolas Bos as full CEO.
In addition to raising its earnings estimates and taking into account the year-end effect, these factors lead Oddo BHF, to take integrate more favourable long-term parameters in its DCF valuation of the stock, resulting in a significant increase in its target price.
Copyright (c) 2025 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 decision-making aids 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.