H&M: Morgan Stanley cuts target price.
(CercleFinance.com) - On Tuesday Morgan Stanley reiterated its "underweight" rating on H&M, while cutting its target price from 160 Swedish kronor to 150 Swedish kronor.
The US broker said it had explored the risks to its "underweight" thesis and has not found any to be compelling, prompting it to remain "very bearish".
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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 US broker said it had explored the risks to its "underweight" thesis and has not found any to be compelling, prompting it to remain "very bearish".
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.