Richemont: BofA raises target price

(CercleFinance.com) - Bank of America confirms its 'buy' recommendation on Richemont shares, with a target price raised to 180 CHF, after increasing 2025-27 EPS estimates raised by 7% to 9% for the Helvetic luxury group.


All divisions and regions improved (except Japan), suggesting a general recovery, the broker points out, considering the 10% organic growth posted by the group in Q3.

According to BofA, Richemont has entered a solid virtuous circle helped by sales outperformance, which in turn can be reinvested in brand development initiatives to support future market share gains.


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