Kering: Invest Securities still a buyer, but trims target
(CercleFinance.com) - Invest Securities maintains its "buy" rating on Kering, although has trimmed its target price from 541 euros to 495 euros.
The broker believes that, beyond the virtuous effects of Gucci's globalisation, sector risk does not seem to be recessive, especially for the small number of brands that are claiming increasing market shares.
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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 broker believes that, beyond the virtuous effects of Gucci's globalisation, sector risk does not seem to be recessive, especially for the small number of brands that are claiming increasing market shares.
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.