Berenberg initiated coverage of Hermes (HESAY) with a Buy rating and EUR 2,330 price target Investing in luxury has become a call on the macro environment and the winners will be the names exposed to the “more robust” absolute luxury segment or those that are well positioned to drive further market share gains, the analyst tells investors in a research note. The firm sees the aspirational segment remaining under pressure.
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Read More on HESAY:
- Hermes price target raised to EUR 2,165 from EUR 2,150 at Citi
- Hermes price target raised to EUR 2,300 from EUR 2,160 at JPMorgan
- Hermes price target lowered to EUR 2,150 from EUR 2,178 at Citi
- Hermes price target lowered to EUR 2,220 from EUR 2,290 at Deutsche Bank
- Hermes downgraded to Hold from Buy at Erste Group