Interparfums: Oddo downgrades stock

(CercleFinance.com) - Oddo has downgraded its rating on Interparfums shares from "outperform" to "neutral", while maintaining its target price for them at 67.
5 euros.

At its IR Day, company management said that it is "reasonably confident" about the perfume market and announced a dense calendar of launches for 2022, with 13 new perfumes in the pipeline.

However, guidance has been set on a cautious basis due to strong market growth in 2021, the broker says.

According to Oddo, in the near term, multiples will be a drag. We will probably have to wait for the publications for the market to become more upbeat.


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