H&M: UBS targets sales growth in Q4

(CercleFinance.com) - The analyst believes that Q4 will probably be better for margins than for sales.
All said, UBS confirms its Neutral rating on the stock, with an unchanged target price of 187 SEK.

"HMB is executing well on inventory and costs with Q4 likely pointing to strong margin progress thanks to external tailwinds. Weak Sales trends hold us back," UBS says.

Management said that focus in the quarter was on profitability and the efficiency of inventories, which helped generate strong cash flow and drive the earnings trend.


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