L'Oréal: Credit Suisse raises its growth forecast.
(CercleFinance.com) - On Wednesday, Credit Suisse raised its FY 2017 organic growth forecast for L'Oréal to 4.
7%, after the luxury goods group reported organic sales growth of 4.2% in Q1.
Even though this trend in performance was a "surprise", the broker believes that it confirms that beauty is currently a buoyant core consumer segment.
Credit Suisse has also confirmed its "outperform" rating on the stock, with a target price of 185 euros.
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