Kering: Crédit Suisse raises target price
(CercleFinance.com) - Crédit Suisse reinstates its "outperform" rating on the Kering share, having increased its corresponding target price from 605 euros to 675 euros, particularly due to the recent revaluation of peer valuation multiples for the French luxury group.
Analysts "Continue to view Kering as one of the most attractive long-term pure plays on luxury fashion given the strength of its brand portfolio and its scale advantage", also deeming that it brand Gucci "is better equipped than before".
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