Goldman Sachs downgraded Kering to Sell from Neutral with an unchanged price target of EUR 235. Stimulus measures in China are unlikely to positively impact high-end discretionary spending near-term and and there is incremental downside risks to the shares post the re-rating, the analyst tells investors in a research note.
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- Kering price target lowered to EUR 265 from EUR 285 at JPMorgan
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