Hermès: UBS raises target price

(CercleFinance.com) - UBS has confirmed its 'buy' recommendation on Hermès International shares, with a TP raised from E2,390 to E2,515, representing a 21% upside potential for the luxury house's shares, following a 'reassuringly unexciting quarter'.


Hermès posted solid double-digit growth in the third quarter, with all regions except APAC (excluding Japan) performing strongly, as expected, the broker says, for which the stock remains "one of its top picks".


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