Hermès: UBS lowers target price

(CercleFinance.com) - UBS confirms its 'buy' recommendation on Hermès International shares, with a price target lowered from E2,750 to E2,626, which still offers 20% upside potential for the luxury house's shares.


Hermès should show resilience in H1, even though it is not completely immune to the slowdown of the sector in the APAC (Asia-Pacific) region, the broker says, adding that it maintains a Buy rating on the stock in view of its recent weakness.


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