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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Read More on PPRUY:
- Kering price target lowered to EUR 265 from EUR 285 at JPMorgan
- Kering price target lowered to EUR 208 from EUR 210 at Barclays
- Kering downgraded to Neutral from Buy at BofA
- Kering price target lowered to EUR 265 from EUR 310 at Morgan Stanley
- Kering downgraded to Underweight from Equal Weight at Barclays
