Interparfums: Berenberg initiates buy recommendation

(CercleFinance.com) - On Tuesday, Berenberg initiated its coverage of Interparfums with a buy recommendation and a price target of 62 euros, highlighting a potential upside of around 25%.


In its research note, the analyst praises the specialization ('pure-play') operated by the prestige perfume manufacturer, which he believes will benefit from the 'golden age' currently experienced by the sector.

All the signs point to a significant expansion of its offer over the medium term, given that Interparfums has so far outperformed its market", the German financial intermediary points out in its study.

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