Kering: Invest Securities still a buyer, trimming target pri
(CercleFinance.com) - While reducing its target price for the Kering share from 600 euros to 543 euros, Invest Securities has reiterated its “buy” rating, believing that the luxury group has company-specific growth sources for all its brands.
The reinvention of the Gucci brand has had a specific impact in the market by arriving at a very favourable time when growth in the luxury goods sector has been accelerating, said the analyst who monitors the stock.
According to the broker, in future Gucci could take the leading place amongst soft luxury brands, ahead of Louis Vuitton, a momentum that should serve the group's other brands, including Bottega Veneta, which appears likely to recover.
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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 reinvention of the Gucci brand has had a specific impact in the market by arriving at a very favourable time when growth in the luxury goods sector has been accelerating, said the analyst who monitors the stock.
According to the broker, in future Gucci could take the leading place amongst soft luxury brands, ahead of Louis Vuitton, a momentum that should serve the group's other brands, including Bottega Veneta, which appears likely to recover.
Copyright (c) 2018 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.