Kering: Invest Securities raises target price to 537 euros
(CercleFinance.com) - Maintaining a buy rating on the Kering stock, analysts at Invest Securities welcome an unprecedented, but partly remunerated growth, in the first quarter, particularly at Gucci.
Their target price on the luxury rose from 471 euros to 537 euros (+14%), which suggests upside potential of around 15%.
According to the broker, the group is unlikely to lose momentum suddenly, and it has increased its forecasts accordingly.
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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.
Their target price on the luxury rose from 471 euros to 537 euros (+14%), which suggests upside potential of around 15%.
According to the broker, the group is unlikely to lose momentum suddenly, and it has increased its forecasts accordingly.
Copyright (c) 2018 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.