Kering: Crédit Suisse raises target price
(CercleFinance.com) - Crédit Suisse reinstates its "outperform" rating on the Kering share, having increased its corresponding target price from 605 euros to 675 euros, particularly due to the recent revaluation of peer valuation multiples for the French luxury group.
Analysts "Continue to view Kering as one of the most attractive long-term pure plays on luxury fashion given the strength of its brand portfolio and its scale advantage", also deeming that it brand Gucci "is better equipped than before".
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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.
Analysts "Continue to view Kering as one of the most attractive long-term pure plays on luxury fashion given the strength of its brand portfolio and its scale advantage", also deeming that it brand Gucci "is better equipped than before".
Copyright (c) 2020 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.