Richemont: supported by broker's comments

(CercleFinance.com) - Richemont climbs 4% in Zurich on the back of positive comments from Stifel, which reiterates its 'buy' recommendation and raises its price target from 144 to 152 Swiss francs, in a note on the outlook for European luxury stocks in 2025.


The broker raises its view of the sector from 'cautious' to 'neutral' for this year, before an expected return to +7% organic growth in the second half of 2025, and cites Richemont among its favorite luxury stocks in view of its sales growth.

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