H&M: UBS cuts TP

(CercleFinance.com) - UBS confirms its 'buy' recommendation on H&M shares, while reducing its target price for them from 212 SEK to 195 SEK, a new TP that implies 15% upside potential for the ready-to-wear chain's shares.


The broker points out that, at its interim publication on Thursday, the Swedish group maintained its target of a 10% margin for the current financial year, but warned that conditions are difficult for this to be achieved this year.


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