H&M: UBS raises target price, maintains'sell' rating
(CercleFinance.com) - UBS has raised its target price for H&M from 115 Swedish kronor to 125 Swedish kronor, citing "better signs" for the third quarter, while maintaining a "sell" rating on the share.
"Comments about third-quarter have been well received but there may still be risk to medium term margins," the broker warns in a note.
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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.
"Comments about third-quarter have been well received but there may still be risk to medium term margins," the broker warns in a note.
Copyright (c) 2019 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.