Hermès: UBS still a buyer, raises target price
(CercleFinance.com) - UBS confirms its "buy" rating on Hermès shares, nudging up its target price for them from E2030 to E2046, which now suggests 18% upside potential for the French luxury house's shares.
"The Q3 results with no slow-down in trends and DD sales growth across all regions as a reminder of the uniqueness of RMS equity story worth paying for", the broker says.
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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.
"The Q3 results with no slow-down in trends and DD sales growth across all regions as a reminder of the uniqueness of RMS equity story worth paying for", the broker says.
Copyright (c) 2023 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.