Hermès: continues to grow, UBS recommends buying

(CercleFinance.com) - The Hermès share price gained a further 1% today, posting a third consecutive session of growth (+3%).


The stock benefited from a positive recommendation from UBS, which confirmed its Buy recommendation with a price target raised from €2,390 to €2,515, representing a potential upside of 21% for the luxury house.

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

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