H&M: Invest Securities initiates coverage, saying 'sell'
(CercleFinance.com) - Invest Securities initiates its coverage of the H&M share with a "sell" rating and a target price of 137 Swedish kronor, highlighting an expansion of multiples that seems to reflect market confidence in management's upbeat strategy, with the share having already risen by an impressive 63% YTD.
The analyst who monitors the share of the Swedish the clothing chain says that this appears excessive, with uncertainties still seeming high, despite tentative signs of improvements over the first nine months of the year and given the inertia inherent in a structure of this dimension.
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.
The analyst who monitors the share of the Swedish the clothing chain says that this appears excessive, with uncertainties still seeming high, despite tentative signs of improvements over the first nine months of the year and given the inertia inherent in a structure of this dimension.
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.