H&M: share price down, analyst reduces target

(CercleFinance.com) - H&M lost more than 1% in Frankfurt.
While UBS confirmed its 'buy' recommendation on the stock, the analyst reduced its price target from SEK 212 to SEK 195, a new target which nevertheless implies a potential upside of around 15%.

The broker points out that on the occasion of its half-yearly publication on Thursday, the Swedish group maintained its target of a 10% margin for the current financial year, but warned that conditions are difficult to achieve this this year.

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