(CercleFinance.com) – The day after a surge of more than 16% following the announcement of solid turnover for its third financial quarter, Richemont gained another almost 2% in Zurich, supported by favorable reactions of brokers to this publication.
UBS thus reiterates its ‘buy’ recommendation on the stock and raises its price target from 150 to 180 Swiss francs, estimating that this turnover ‘confirmed the outperformance of the jewelry category and the leadership of the brands’ of the luxury group. Swiss.
Likewise, Oddo BHF reaffirms its ‘outperformance’ opinion with a price target raised from 136 to 177 francs, judging that with ‘the remarkable acceleration in jewelry at the end of the year, the story remains more attractive than ever within the sector’.
Swiss
