Richemont: UBS maintains buy rating, adjusts TP

(CercleFinance.com) - UBS has reinstated its "buy" rating on Compagnie Financière Richemont shares, having raised its corresponding target price from100.
6 Swiss francs to 102.2 Swiss francs, which suggests upside potential of 14% for the share.

The broker summarises that it is increasing its estimates ahead of the good end of the Swiss group's 2020-21 financial year, a publication that it believes should "confirm the continued attractiveness of CFR's story".


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