Interparfums: in green, a broker's opinion on the stock

(CercleFinance.com) - Interparfums is up more than 3% in Paris, as Berenberg today initiated coverage of the stock with a buy recommendation and a price target of 62 euros, highlighting a potential upside of around 25%.


In its research note, the analyst praises the pure-play specialization of the prestige fragrance manufacturer, which he believes will benefit from the "golden age" currently being experienced by the sector.

All the signs point to a significant expansion of its offer over the medium term, given that Interparfums has so far outperformed its market", the German financial intermediary points out in its study.


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