Hermes: Stifel still on hold
(CercleFinance.com) - Stifel maintains its "hold" rating on Stifel shares, with an unchanged target price of 1,200 euros (current price: 1225 euros, -0.
6%).
Even so, the analyst has raised its sales forecasts for Q3, now expecting growth of 24.5% y-o-y, up from 20.5% previously.
Stifel expects an 8% increase in sales in Q4, compared to 13% previously. Indeed, according to Stifel, low inventory levels at the end of September should result in a significant deceleration in Leather Goods sales.
In this context, the analyst models an EBIT margin of 37.7% in 2021, down from 38.1% previously.
Copyright (c) 2021 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.
6%).
Even so, the analyst has raised its sales forecasts for Q3, now expecting growth of 24.5% y-o-y, up from 20.5% previously.
Stifel expects an 8% increase in sales in Q4, compared to 13% previously. Indeed, according to Stifel, low inventory levels at the end of September should result in a significant deceleration in Leather Goods sales.
In this context, the analyst models an EBIT margin of 37.7% in 2021, down from 38.1% previously.
Copyright (c) 2021 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.