Hermes: UBS lowers target price

(CercleFinance.com) - UBS maintains its "neutral" rating on Hermès International shares with a price target that it has reduced from 1185 euros to 1101 euros, with its new target implying upside potential of 3% just for the share of the Parisian luxury house.


"We expect a solid Q2 sales growth, but the H1 margin level in 2022 remains key for the stock at this stage," the broker said, which sees more limited near-term upside potential in estimates.


Copyright (c) 2022 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.