Kering: stock up, with Bernstein seeing potential

(CercleFinance.com) - The Kering share is moving against the grain in Paris on Monday, supported by comments from Bernstein, which has raised its target price for the luxury group.


At 2.15pm, the stock was up 0.2%, a mirror image of the CAC 40, which was down 0.2% at the same time.

As such, the broker says that it has raised its price target for Kering from 645 euros to 689 euros, while maintaining its "outperform" rating on the stock.

In a report on luxury goods players, Bernstein says that it has raised its earnings forecasts for the main sector players, after H1 results that it considers particularly successful.



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