Hermès: UBS lowers guidance before quarterly results

(CercleFinance.com) - UBS confirms its buy recommendation on the Hermès stock, but lowers its target price for it to E2390 (from E2549).
This new target represents 24% upside potential for the stock.

"Q3 to confirm RMS unique defensive business model, solid brand momentum, and potential for above peer avg pricing in 2025, despite not staying completely immune to Chinese slowdown", the broker says.

In the medium term, despite economic, geopolitical and monetary uncertainties worldwide, the group has confirmed an ambitious sales growth target at constant exchange rates, management says.


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