Hermès: Oddo BHF starts to monitor with 'buy' rating
(CercleFinance.com) - Oddo BHF has begun to monitor the Hermès share with a "buy" rating and a target price of 776 euros, highlighting the stock's "top pick" status amongst the five largest market capitalisations in the European luxury sector, which it has begun to cover.
The broker says that it has is firmly positive stance towards the three soft luxury giants, Hermès, LVMH and Kering (all three of which it rates "buy"), for which it expects top line growth to be maintained above +5% p.a. over the next few financial years.
However, the broker says that it is more cautious regarding Richemont and Swatch, which seem to have lower growth outlooks, adds the analyst who monitors the shares. Indeed, he has adopted "reduce" ratings on the shares of these two Swiss sector players.
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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 broker says that it has is firmly positive stance towards the three soft luxury giants, Hermès, LVMH and Kering (all three of which it rates "buy"), for which it expects top line growth to be maintained above +5% p.a. over the next few financial years.
However, the broker says that it is more cautious regarding Richemont and Swatch, which seem to have lower growth outlooks, adds the analyst who monitors the shares. Indeed, he has adopted "reduce" ratings on the shares of these two Swiss sector players.
Copyright (c) 2020 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.