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Richemont : Stifel raises its target price

(CercleFinance.com) - Stifel reaffirms its 'buy' recommendation on Richemont while raising its target price from 144 to 160 Swiss francs, in the wake of slightly higher EBIT forecasts for the luxury group over 2025-26.


"Stronger-than-expected growth for the US and European cohorts enabled Richemont to offset a difficult quarter for the Chinese cluster", the broker points out after the publication of its annual results.

Stifel also points out that good control of its operating expenses by the Swiss group in H2 2024 mitigated significant currency headwinds on its margins.


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