Berenberg analyst Nick Anderson initiated coverage of Kering (PPRUY) with a Hold rating and EUR 230 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 PPRUY:
- Kering price target lowered to EUR 260 from EUR 264 at Citi
- Kering price target lowered to EUR 220 from EUR 265 at JPMorgan
- Kering price target lowered to EUR 230 from EUR 280 at RBC Capital
- Kering price target lowered to EUR 255 from EUR 265 at Morgan Stanley
- Kering reports Q3 revenue EUR 3.79B, consensus EUR 3.96B