L'Oréal: UBS maintains buy rating, raises target price

(CercleFinance.com) - UBS on Monday raised its target price for L'Oreal shares to 483 euros (from 465 euros), praising the French cosmetics group's "outstanding" performance in its category.


The broker - which has a buy recommendation on the stock - points out that by generating organic growth of 13.5% in H1, L'Oréal has this time outperformed the beauty market by 2.2 times, compared to "only" twice the sector in 2021.

Analysts say that this solid and widespread momentum in terms of market share gains, coupled with its unparalleled ability to increase investment, provides it with an unparalleled cushion as it enters an uncertain second half of the year.

L'Oréal shares are up about 0.3% an hour before trading ends, pretty much in line with the market in Paris.


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