Interparfums: Oddo BHF upgrades stock

(CercleFinance.com) - Oddo BHF has upgrade its rating on the Interparfums share from "neutral" to "buy," having increased its corresponding target price from 45 euros to 48 euros, following the publication of Q4 sales figures that are almost 20% above expectations.


Interparfums reassures, with the sound resistance of the perfume industry and its brands' performance in this market. However, it also resumes its habit of beating its guidelines, the analyst hails, who has significantly raised estimates for t he group.

Even though this is probably just growth that is linked to the mechanical rebound of the market and the sale-in, the return to sales seen in Q4 2019 is clearly unexpected and indeed good news, considering that the prospect of the Moncler launch in 2022 supports the visibility, he adds.

The share definitely smells nice this Tuesday morning - up over 6% in early trading.


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