Hermes: Oddo slightly revises EPS and target price.
(CercleFinance.com) - Broker Oddo BHF has confirmed its buy rating on the Hermes stock, while trimming its target price to 486 euros (vs.
490 euros).
Oddo analysts have also cut their their 2017e and 2018e EPS by 2% and 1% respectively. The broker said that these revisions are only due to the increased tax rate applicable to the group, which reached 35% in 2017 against 33.7% previously".
Oddo also maintains its expectations for the group's 2017 operating margin at 32.7%, meaning an improvement of 10bp.
Copyright (c) 2017 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.
490 euros).
Oddo analysts have also cut their their 2017e and 2018e EPS by 2% and 1% respectively. The broker said that these revisions are only due to the increased tax rate applicable to the group, which reached 35% in 2017 against 33.7% previously".
Oddo also maintains its expectations for the group's 2017 operating margin at 32.7%, meaning an improvement of 10bp.
Copyright (c) 2017 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.