Home > Analyse
Actualite financiere : Actualite bourse

Kering: Jefferies initiates coverage with 'buy' rating.

(CercleFinance.com) - Jefferies is initiating its coverage of the Kering stock with a "buy" recommendation and a target price of 425 euros, considering that the "magic money tree" that he says the group "has more fruit to bear".

"Kering has enjoyed a significant re-rating since the relaunch of its main asset Gucci from FW15-16, and the stock has soared by more than 80% in the last 12 months, essentially in line with expected operational performance," the broker points out.

The broker believes that there is leeway for further growth and improvement in its margin in 2018-2019, as well as significant cash generation. " The run is not quite over yet," Jefferies concludes.

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.