Kering: UBS raises target price from 282 euros to 335 euros.

(CercleFinance.com) - This morning UBS has raised its target price for the Kering share from 282 euros to 335 euros (+18.
8%).

Their analysts believe that the takeover of Gucci, the group's flagship brand, is not yet complete and they have therefore confirmed their buy rating on the stock.

According to analysts, the "revitalisation of Gucci" is the key element for Kering as an investment case. The question is now to determine how long this will last.

Based on a study written by the Swiss bank's research department, “UBS Evidence Lab,” analysts are now more optimistic about Gucci: they have raised their organic growth forecast for the brand from 20% to 28% this year, followed by 10% (vs. 5% previously) for 2018. “Here our UBS Evidence Lab surveys and social media analysis along with Google search trends show no sign of brand heat abating,” its report points out.



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