Accueil > Actualité
Actualite financiere : Actualite bourse

Richemont: Credit Suisse cuts target price

(CercleFinance.com) - Credit Suisse reinstates its "underperform" rating on the Experian share, and has cut its target price from 52 Swiss francs to 48 Swiss francs, in the wake of adjusted 2020-21 forecasts for the Swiss luxury group (whose brands include Cartier, amongst others).


Thus, the broker now anticipates FY 2020-21 sales to fall by 10% in organic terms, with operating profit of 801 million euros. For 2022-23, it expects sales to be respectively flat and 8% lower compared to pre-crisis levels.

"We view Cartier as the most iconic jewellery brand but we believe a return to pre-crisis profitability levels will take longer than most industry players," the broker says.


Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.