Hermès International Société en commandite par actions / Analyst ratings
Price targets
Analyst ratings
8 analysts rated this company in the past 90 days. The average target price is €2.49K, this is a change of +15.6% compared to the current price.
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UBS lowers target for Hermes to 2,310 euros - 'Neutral'
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Hermes from €2,389 to €2,310, but left its rating at "neutral." According to her commentary released on Monday, Zuzanna Pusz sees the European luxury goods industry at a turning point. She believes the third quarter was likely better than expected overall. The focus is now shifting to the final quarter and the period thereafter./tih/ag
Publication of the original study: September 29, 2025 / 02:01 / GMT
First distribution of the original study: September 29, 2025 / 02:01 / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Hermes at 'Outperform' - Target 2650 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Hermes at "Outperform" with a price target of €2,650. In an industry study released Thursday, Luca Solca examined the spending behavior of Chinese consumers and the key drivers of luxury consumption. Recent Chinese consumption trends appear promising, especially in the high-end segment, he wrote. However, it is still too early to speak of a turnaround. Against this backdrop, he favors the high-quality "laggards" of the recent luxury goods rally./edh/jha/
Publication of the original study: September 10, 2025 / 11:33 a.m. / UTC
First distribution of the original study: September 11, 2025 / 5:00 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC maintains Hermes rating of 'Outperform' - target 2400 euros
NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Hermes at "Outperform" with a price target of €2,400. The luxury sector is showing signs of improved sales growth in the third quarter based on lower comparable figures, wrote analyst Piral Dadhania in an industry report released Wednesday. While this is already reflected in the share prices, he is not convinced that this is a new trend. The comparable figures for the fourth quarter are more challenging. He himself expects a slight slowdown again.
Publication of the original study: September 9, 2025 / 5:49 PM / EDT
First distribution of the original study: September 10, 2025 / 12:45 AM / EDT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains Hermes on 'Hold' - target 2300 euros
NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained a "Hold" rating on Hermes with a price target of €2,300. Thanks to relative share price weakness, the valuation premium to the luxury goods sector has halved to 50 percent since mid-April, James Grzinic wrote on Tuesday. The failure of quarterly sales momentum to accelerate to double-digit percentages in the first half of the year was a key factor in this. Grzinic expects organic group growth of 9.7 percent for the third quarter.
Publication of the original study: September 9, 2025 / 6:54 a.m. / Time zone not specified in the study. First distribution of the original study: September 9, 2025 / 6:54 a.m. / Time zone not specified in the study.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS leaves Hermes at 'Neutral' - Target 2389 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Hermes at "neutral" with a price target of €2,389. Increasing size poses a risk to the luxury group's exclusivity, Zuzanna Pusz wrote on Thursday evening after her conversation with an industry expert and reseller of used luxury goods. Overall, he believes the industry needs a boost in creativity./rob/ag/tih
Publication of the original study: September 4, 2025 / 6:12 PM / GMT
First distribution of the original study: September 5, 2025 / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Barclays lowers target for Hermes to 2510 euros - 'Overweight'
LONDON (dpa-AFX Analyst) - British investment bank Barclays has lowered its price target for Hermes from €2,640 to €2,510, but maintained its rating at "Overweight." Analyst Carole Madjo is now somewhat more skeptical of the French company ahead of its third-quarter report. She wrote this in her commentary on the luxury sector following a trip to China./ag/gl
Publication of the original study: September 3, 2025 / 1:48 a.m. / GMT First distribution of the original study: September 3, 2025 / 3:00 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Hermes at 'Outperform' - Target 2650 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Hermes at "outperform" with a price target of €2,650. Luca Solca conducted a more in-depth study on the valuations of stocks in the luxury goods sector in a study published Thursday. Given the lackluster growth of the past two years, the sector valuations currently appear appropriate. However, if growth improves as expected in 2026, new valuation leeway will arise./tih/gl
Publication of the original study: August 27, 2025 / 7:40 p.m. / UTC. First distribution of the original study: August 28, 2025 / 5:15 a.m. / UTC.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Hermes at 'Outperform' - Target 2650 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Hermes at "Outperform" with a price target of €2,650. In an industry study released Thursday, Luca Solca drew his conclusions from current Swiss watch export data. Benefiting from exports to the US brought forward due to tariffs, watch exports rose by 6.9 percent in July, he wrote. The trend in other regions was mixed. He expects the August figures to fluctuate again due to the US tariffs./tih/edh
Publication of the original study: August 21, 2025 / 7:47 a.m. / UTC
First distribution of the original study: August 21, 2025 / 7:47 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC lowers target for Hermes to 2,400 euros - 'Outperform'
NEW YORK (dpa-AFX Analyst) - Canadian bank RBC lowered its price target for Hermes from €2,600 to €2,400 and maintained its rating at "Outperform." Piral Dadhania wrote in an industry report released Monday that he revised his estimates following the half-year reporting season. The developments regarding US import tariffs are now also reflected in his assumptions for the luxury goods and fashion group. The significantly lower valuations of Hermes and LVMH have now made these stocks more attractive again./bek/mis
Publication of the original study: August 10, 2025 / 5:46 PM / EDT
First distribution of the original study: August 11, 2025 / 12:45 AM / EDT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Hermes at 'Outperform' - Target 2650 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Hermes at "Outperform" with a price target of €2,650. In an industry study released Friday, Luca Solca examined the impact of the 39 percent US special tariffs on imports from Switzerland, specifically watch imports. The last-minute deal hoped for by many has not materialized. Industry data suggests that Swiss watch manufacturers generate about a fifth of their revenue from the US. He expects another round of price increases. Deliveries have also been brought forward, providing the industry with a buffer of about six months. Swatch is particularly badly affected./tih/nas
Publication of the original study: August 7, 2025 / 3:22 PM / UTC
First distribution of the original study: August 8, 2025 / 5:00 AM / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein lowers target for Hermes to 2,650 euros - 'Outperform'
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research lowered its price target for Hermes from €2,800 to €2,650 following its earnings release, while maintaining its "outperform" rating. Luca Solca lowered his forecasts for the leather goods business in a study released Monday. Luxury consumers remain hesitant. Overall, however, the company's prospects remained good./mis/tih
Publication of the original study: August 4, 2025 / 00:47 / UTC
First distribution of the original study: August 4, 2025 / 05:00 / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS lowers Hermes to 'Neutral' - target 2389 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has downgraded Hermes from "Buy" to "Neutral" and lowered its price target from €2,704 to €2,389. The luxury goods group has "become a bag too heavy," wrote Zuzanna Pusz in a study released Thursday. She also cited initial signs of declining brand awareness among higher-income customers. This makes for more cautious stance for a stock that is actually a "safe haven" for investors./rob/tih/ajx
Publication of the original study: July 31, 2025 / 12:27 PM / GMT
First distribution of the original study: July 31, 2025 / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies lowers Hermes target to 2,300 euros - 'Hold'
NEW YORK (dpa-AFX Analyser) - The analyst firm Jefferies has lowered the price target for Hermes from 2,460 to 2,300 euros following the quarterly figures and left the rating at "Hold". The luxury goods group's sales recovery fell short of expectations, wrote James Grzinic in a study released Wednesday./rob/bek/zb
Publication of the original study: July 30, 2025 / 12:45 PM / Time zone not specified in the study
First distribution of the original study: July 30, 2025 / 12:45 PM / Time zone not specified in the study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains Hermes on 'Hold' - target 2460 euros
NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for Hermes after the company's earnings release, with a price target of €2,460. The figures were largely as expected, wrote James Grzinic in a report released Wednesday. He praised the luxury goods group's resilience./rob/ck/he
Publication of the original report: July 30, 2025 / 2:28 a.m. / Time zone not specified in the report. First distribution of the original report: July 30, 2025 / 2:28 a.m. / Time zone not specified in the report.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research maintains Hermes 'Buy' - target 2450 euros
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Hermes with a price target of €2,450. The first half of the year largely met expectations, Adam Cochrane wrote on Wednesday following the luxury group's earnings release./ajx/tih
Publication of the original study: July 30, 2025 / Time not specified in study / CET. First distribution of the original study: July 30, 2025 / 7:23 a.m. / GMT
Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC maintains Hermes at 'Outperform' - Target 2600 euros
NEW YORK (dpa-AFX Analyser) - The Canadian bank RBC has left the rating for Hermes at "outperform" with a price target of 2,600 euros after the figures. The luxury goods group's first half of the year largely met expectations and was supported by a dynamic leather goods business, wrote Piral Dadhania in a study released Wednesday./rob/ck/ajx
Publication of the original study: July 30, 2025 / 2:28 a.m. / EDT
First distribution of the original study: July 30, 2025 / 2:28 a.m. / EDT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Hermes 'Buy' - target 2704 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Hermes following its quarterly results, with a price target of €2,704. Sales were in line with both the bank's and the market's expectations, wrote Zuzanna Pusz in an initial reaction released Wednesday. However, from an investor's perspective, this may be somewhat insufficient in view of the annual targets./rob/edh/mis
Publication of the original study: July 30, 2025 / 6:17 a.m. / GMT
First distribution of the original study: July 30, 2025 / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan lowers Hermes target to €2,500 - 'Neutral'
NEW YORK (dpa-AFX Analyst) - The US bank JPMorgan has lowered its price target for Hermes from 2,600 to 2,500 euros and left the rating at "neutral". In response to the luxury goods group's half-year figures and due to negative currency effects, it has reduced its revenue and earnings forecasts (adjusted EBIT) for 2025 and 2026, Chiara Battistini wrote in a study released Thursday./edh/ck
Publication of the original study: July 30, 2025 / 11:46 a.m. / BST
First distribution of the original study: July 30, 2025 / 11:46 a.m. / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies downgrades Hermes to 'Hold' - target remains at 2460 euros
NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has downgraded Hermes from "Buy" to "Hold" after reaching its unchanged price target of €2,460. While the luxury group's interim report is likely to be comparatively impressive, it is unlikely to show any significant acceleration in growth, wrote James Grzinic in his assessment published on . He cut his estimates for 2026 by 10 percent and can hardly imagine a further increase in the valuation at this time./rob/ag/zb
Publication of the original study: July 11, 2025 / 11:30 a.m. / Time zone not specified in the study
First distribution of the original study: July 13, 2025 / 7:00 p.m. / Time zone not specified in the study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Hermes at 'Outperform' - Target 2800 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Hermes at "outperform" with a price target of €2,800. In his industry commentary published Wednesday, Luca Solca confirmed his assessment that luxury goods companies felt the full impact of geopolitical and trade policy volatility and uncertainty in the second quarter. He is somewhat more optimistic about the second half of the year./edh/ag
Publication of the original study: July 8, 2025 / 1:58 a.m. / UTC
First distribution of the original study: July 9, 2025 / 4:01 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC maintains Hermes at 'Outperform' - Target 2600 euros
NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Hermes at "outperform" ahead of second-quarter results, with a price target of €2,600. Overall, momentum in the luxury sector remains subdued, Piral Dadhania wrote in an industry outlook released Tuesday. Trends are stable in North America and Asia-Pacific, but somewhat weaker in Europe and Japan. Hermes is one of the companies with above-average performance./bek/gl
Publication of the original study: June 30, 2025 / 6:30 p.m. / EDT. First distribution of the original study: July 1, 2025 / 12:45 a.m. / EDT.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS lowers target for Hermes to 2,704 euros - 'Buy'
ZURICH (dpa-AFX Analyser) - The Swiss major bank UBS has lowered its price target for Hermes from 2,780 to 2,704 euros, but left the rating at "Buy". The luxury goods manufacturer's second-quarter figures are likely to bring a slight acceleration in growth, wrote analyst Zuzanna Pusz in a study published Tuesday./rob/mf
Publication of the original study: June 30, 2025 / 12:46 PM / GMT
First distribution of the original study: June 30, 2025 / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS lowers target for Hermes to 2,704 euros - 'Buy'
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Hermes from €2,780 to €2,704, but maintained its "Buy" rating. The luxury goods group is also feeling the effects of adverse industry trends, particularly in the leather goods sector, wrote Zuzanna Pusz in her outlook for the quarterly report published on Tuesday. It cut its estimates until 2027./rob/ag/gl
Publication of the original study: June 30, 2025 / 12:46 PM / GMT. First distribution of the original study: June 30, 2025 / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank lowers target for Hermes to 2,450 euros - 'Buy'
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has lowered its price target for Hermes from €2,550 to €2,450 and maintained its "Buy" rating. Analyst Adam Cochrane expects Hermes to continue to experience the strongest growth in the luxury goods sector in a study released Monday. However, due to the difficult macroeconomic environment, he is more cautious about short-term growth./tih/zb
Publication of the original study: June 30, 2025 / Time not specified in the study / GMT
First distribution of the original study: June 30, 2025 / 2:23 p.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Hermes at 'Outperform' - Target 2800 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained Hermes' rating of "Outperform" with a price target of €2,800. The typical luxury goods manufacturer generates two-thirds of its sales in US dollars and currencies linked to them, which is why the recent dollar weakness is creating headwinds, wrote Luca Solca in an industry assessment published Friday. In contrast, Swatch Group and Richemont benefited from the strong franc. Overall, the expert sees positive industry prospects due to a recovery in the second half of the year. For Burberry and LVMH, he sees potential for a turnaround and self-help measures./gl/nas
Publication of the original study: June 26, 2025 / 9:50 p.m. / UTC. First distribution of the original study: June 27, 2025 / 5:30 a.m. / UTC.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Barclays lowers target for Hermes to 2,670 euros - 'Overweight'
LONDON (dpa-AFX Analyst) - British investment bank Barclays has lowered its price target for Hermes from €2,710 to €2,670, but maintained its "overweight" rating. Analyst Carole Madjo cut her estimates in her outlook for the company's half-year report published Friday, but expects the second quarter to have been robust. Hermes is likely to continue to dominate the market./ag/gl
Publication of the original study: June 26, 2025 / 4:44 PM / GMT. First distribution of the original study: June 27, 2025 / 3:00 AM / GMT.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan leaves Hermes at 'Neutral' - target 2600 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained a "neutral" price target on Hermes with a price target of €2,600. Ahead of the company's half-year results at the end of July, it revised its estimates for the luxury goods group, Chiara Battistini wrote in an outlook published Friday. The interim report should demonstrate better performance than its competitors in a difficult industry environment. However, this was already reflected in the investors' valuation and positioning.
Publication of the original study: June 26, 2025 / 8:47 PM / BST First distribution of the original study: June 27, 2025 / 12:15 AM / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg maintains Hermes 'Buy' - target 2800 euros
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Hermes with a price target of €2,800. Chinese spending on luxury goods remains under pressure, wrote Nick Anderson in his industry commentary published Thursday. He sees it stagnating overall in the coming years./ag/jha/
Publication of the original study: June 18, 2025 / 9:47 a.m. / GMT
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Hermes at 'Outperform' - Target 2800 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained an "outperform" rating on Hermes with a price target of €2,800. Spending growth for high-end luxury goods has remained robust despite weakening demand in the broader sector, but is beginning to show signs of slowing due to macroeconomic uncertainties, wrote Luca Solca. In his industry assessment, published Wednesday, he referred to data collected by cooperation partner Agility Research & Strategy for the period from March 17 to April 25 – i.e., before and after the market shock caused by the introduction of new US tariffs in early April, which were later partially suspended. Solca now no longer expects an organic decline in sales for 2025, but rather stagnation of revenues at the previous year's level. He is cautiously optimistic for the second half of the year and sees Burberry and LVMH as beneficiaries of a potential recovery as well as self-help measures. Solca also favors stocks with company-specific tailwinds, such as Hermes and Richemont./gl/ag
Publication of the original study: June 17, 2025 / 9:36 p.m. / UTC. First distribution of the original study: June 18, 2025 / 5:06 a.m. / UTC.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan lowers Hermes target to 2,600 euros - 'Neutral'
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Hermes from €2,650 to €2,600, but maintained its rating at "Neutral." Ahead of the company's half-year results at the end of July, Chiara Battistini adjusted her valuation model in her assessment published Wednesday to reflect recent exchange rate changes and industry trends. She lowered her annual forecasts for the luxury goods group by 2 to 3 percent. While Hermes is likely to once again shine as one of the strongest brands in the sector, the business figures offer little potential for positive surprises in the short term. Even given the valuation, the stock's upside potential is limited./gl/ag
Publication of the original study: June 17, 2025 / 6:00 PM / BST First distribution of the original study: June 18, 2025 / 12:15 AM / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Hermes at 'Outperform' - Target 2800 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Hermes at "Outperform" with a price target of €2,800. In a comparative industry study released Monday, Luca Solca examined the shareholder structure of the luxury goods groups Hermes, Kering, and LVMH. The three largest listed sector companies in France are all controlled by founding families, and the controlling shareholders each hold more than two-thirds of the voting rights, he wrote. The differences between voting rights and ownership rights are smaller than for providers of "hard" luxury goods such as watches and jewelry./edh/tih
Publication of the original study: June 8, 2025 / 11:35 PM / UTC
First distribution of the original study: June 9, 2025 / 4:01 AM / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC maintains Hermes at 'Outperform' - Target 2600 euros
NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Hermes at "outperform" with a price target of €2,600. In his industry commentary released Tuesday, Piral Dadhania expects earnings expectations in the luxury goods sector to continue to decline. He sees no real improvement in the second quarter, but rather a further slowdown. Under these circumstances, he continues to prefer a more defensive investment strategy with stocks such as Hermes or Ferrari./tih/ag
Publication of the original study: June 2, 2025 / 5:13 PM / EDT
First distribution of the original study: June 3, 2025 / 12:45 AM / EDT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Hermes at 'Outperform' - Target 2800 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Hermes at "Outperform" with a price target of €2,800. Export growth for Swiss watches is clearly dominated by the US, Luca Solca wrote on Tuesday. Without this market, exports would have declined in April. Overall, the data is characterized by high uncertainty due to the US tariff reversals. Solca recently revised its organic growth forecast for the luxury goods sector and has since then only anticipated stagnation./ag/edh
Publication of the original study: May 27, 2025 / 8:36 a.m. / UTC
First distribution of the original study: May 27, 2025 / 8:36 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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RBC starts Hermes with 'Outperform' - Target 2600 euros
NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has included Hermes in its rating with an "outperform" rating and a price target of €2,600. Based on the stock's return over the past 20 years, the luxury goods group is the leading "value accretor" in its class, Piral Dadhania wrote in a study released Monday. In a more challenging demand environment, the company's defensive profile exudes relative attractiveness./rob/tih/edh
Publication of the original study: May 12, 2025 / 12:22 AM / EDT
First distribution of the original study: May 12, 2025 / 12:45 AM / EDT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Hermes at 'Outperform' - Target 2600 euros
NEW YORK (dpa-AFX Analyser) - US analyst Bernstein Research has maintained its rating for Hermes at "outperform" with a price target of €2,600. The luxury goods group has raised its prices by up to 5 percent to offset the US tariffs, Luca Solca wrote in a study released Tuesday. The company's pricing power is clearly evident, as the increases appear more extensive than those for US handbags by Louis Vuitton./tih/la
Publication of the original study: May 6, 2025 / 1:10 p.m. / UTC
First distribution of the original study: May 6, 2025 / 1:10 p.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Barclays lowers target for Hermes to 2,710 euros - 'Overweight'
LONDON (dpa-AFX Analyst) - British investment bank Barclays has lowered its price target for Hermes from €2,820 to €2,710, but maintained its rating at "Overweight." Analyst Carole Madjo fears that the earnings recovery in the European luxury goods sector will be delayed in the adverse environment. This is the conclusion reached in her reassessment of the sector, published on Friday. She is removing her recommendation for LVMH and now only rating Hermes "Overweight." After most of the reporting season, she notes that companies are generally more cautious in their planning. However, the direct impact of tariffs is likely to be limited, as expected, and is more likely to result in price increases in the US./ag/ajx
Publication of the original study: May 2, 2025 / 5:03 a.m. / GMT
First distribution of the original study: May 2, 2025 / 5:08 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Hermes at 'Outperform' - Target 2600 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Hermes at "Outperform" with a price target of €2,600. Chinese customers are becoming increasingly demanding and are focusing on luxury brands that are either investment-grade or particularly hot and innovative, analyst Luca Solca wrote on Wednesday in his commentary on a visit to China. Miu Miu and Ralph Lauren remain particularly popular. Louis Vuitton and Dior performed stable, while Cartier weakened./ag/tav
Publication of the original study: April 23, 2025 / 1:22 PM / UTC
First distribution of the original study: April 24, 2025 / 5:30 AM / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Hermes 'Buy' - target 2975 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained a "Buy" rating on Hermes following quarterly sales figures, with a price target of €2,975. Analyst Zuzanna Pusz wrote in an initial reaction on Thursday that the luxury goods group was somewhat disappointing, including in terms of organic growth./gl/mis
Publication of the original study: April 17, 2025 / 6:20 a.m. / GMT First distribution of the original study: April 17, 2025 / 6:20 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains Hermes 'Buy' - target 2460 euros
NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Buy" rating for Hermes following first-quarter sales figures, with a price target of €2,460. The organic growth confirms the resilience of the luxury goods group's business model, wrote analyst James Grzinic in an initial reaction released Thursday./edh/zb
Publication of the original study: April 17, 2025 / 2:22 a.m. / ET
First distribution of the original study: April 17, 2025 / 2:22 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research maintains Hermes 'Buy' - target 2550 euros
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained a "Buy" rating on Hermes following its sales figures, with a price target of €2,550. The luxury goods group narrowly missed the consensus estimate for currency-adjusted sales in a robust first quarter, analyst Adam Cochrane wrote in a commentary published Thursday.
Publication of the original study: April 17, 2025 / 6:55 a.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank upgrades Hermes to 'Buy' and target to 2550 euros
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has upgraded Hermes from "Hold" to "Buy" and raised its price target from €2,220 to €2,550. It is now unclear whether the third quarter of 2024 truly marked the low point in demand for luxury goods, wrote analyst Adam Cochrane in a study on the European luxury sector published Wednesday. The recovery in the fourth quarter appears to have been merely an anomaly and not the beginning of an uptrend. While he does not see the direct impact of tariffs as a major headwind, he does see weaker global equity markets and general economic uncertainty as a major headwind. Hermes and Burberry are his "top picks." Hermes, he clarified, is generally considered "the highest-quality, most differentiated, and most defensive listed luxury goods company."
Publication of the original study: April 9, 2025 / Time not specified in the study / GMT. First distribution of the original study: April 9, 2025 / 4:03 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan leaves Hermes at 'Neutral' - target 2700 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Hermes at "Neutral" with a price target of €2,700. The luxury sector is entering a phase of heightened uncertainty and is not in particularly good shape, wrote analyst Chiara Battistini in an industry report released Tuesday. A concrete assessment is difficult due to the many imponderables. Hermes's excellent market position justifies a higher valuation, but the current valuation also reflects this./mf/bek
Publication of the original study: April 7, 2025 / 7:22 a.m. / GMT
First distribution of the original study: April 8, 2025 / 12:15 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Hermes at 'Outperform' - Target 2850 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Hermes at "Outperform" with a price target of €2,850. The Italian manufacturer reported fuller order books for the second half of the year following its participation in the Intertextile trade fair in Shanghai, analyst Luca Solca wrote on Thursday after his trip to Milan, Florence, and Solomeo. In light of hopeful signals from China, concerns now center primarily around US consumers. Enthusiasm about a strong US under Trump has evaporated. However, the performance of individual brands continues to vary greatly. However, LVMH remains at the top of its quality ranking./ag/tih
Publication of the original study: March 27, 2025 / 5:59 PM / UTC
First distribution of the original study: March 28, 2025 / 5:30 AM / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS lowers target for Hermes to 2,975 euros - 'Buy'
ZURICH (dpa-AFX Analyst) - Swiss bank UBS lowered its price target for Hermes from €3,205 to €2,975 ahead of its quarterly results, but maintained its "Buy" rating. The luxury goods group appears to have had a strong start to the year, analyst Zuzanna Pusz wrote in an outlook published Friday. The new price target reflects its recent forecast adjustments as well as the revised sector valuation. Their favorites in the sector are Hermes and Richemont./edh/mis
Publication of the original study: March 27, 2025 / 4:47 PM / GMT
First distribution of the original study: March 27, 2025 / 4:47 PM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan leaves Hermes at 'Neutral' - target 2700 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Hermes at "Neutral" with a price target of €2,700. Ahead of the first-quarter report expected on April 17, the bank slightly adjusted its estimates for the luxury goods manufacturer's individual segments, analyst Chiara Battistini wrote in a study released Tuesday. At the group level, it also largely maintained its forecasts for the first quarter and the full year unchanged./ck/he
Publication of the original study: March 25, 2025 / 12:08 PM / GMT. First distribution of the original study: March 25, 2025 / 5:30 PM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan leaves Hermes at 'Neutral' - target 2700 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained a "neutral" rating on Hermes with a price target of €2,700. Analyst Chiara Battistini revised her valuation model for the luxury goods group in an assessment released Monday, with a view to the quarterly results due in mid-April. It adjusted its estimates based on recent industry data, recent exchange rate changes, and its insights from discussions with Hermes' investor relations team./gl/mis
Publication of the original study: March 17, 2025 / 12:44 PM / GMT. First distribution of the original study: March 17, 2025 / 5:00 PM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Hermes at 'Outperform' - Target 2450 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Hermes at "Outperform" with a price target of €2,450. The major luxury brands would have to acquire large properties to establish branches in New York, analyst Luca Solca wrote in his industry commentary published Tuesday. According to a real estate expert surveyed, rents for the insufficient commercial space are likely to rise sharply. LVMH is attempting to force its competitors into competition on this issue, at the expense of their significantly lower balance sheet options./bek/ag
Publication of the original study: March 3, 2025 / 6:23 p.m. / UTC
First distribution of the original study: March 4, 2025 / 5:00 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS raises target for Hermes to 3,205 euros - 'Buy'
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Hermes from €2,475 to €3,205 and maintained its "Buy" rating. The luxury goods group's fourth-quarter sales figures were significantly better than market expectations, wrote analyst Zuzanna Pusz in her review published on Monday. It raised its revenue and earnings forecasts for the years 2025 to 2027./edh/ag
Publication of the original study: February 17, 2025 / 6:56 a.m. / GMT
First distribution of the original study: February 17, 2025 / 6:56 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research maintains Hermes on 'Hold' - target 2220 euros
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Hold" rating for Hermes with a price target of €2,220. The luxury goods group's fourth-quarter sales performance exceeded the average analyst forecast by 6 percent, wrote analyst Adam Cochrane in his commentary published on Monday./edh/ag
Publication of the original study: February 17, 2025 / 8:05 a.m. / CET
First distribution of the original study: February 17, 2025 / Time not specified in study / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Goldman raises target for Hermes to 2,700 euros - 'Neutral'
NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs raised its price target for Hermes from €2,070 to €2,700, but maintained its rating at "neutral." Analyst Louise Singlehurst raised her medium-term growth estimates for the luxury goods group in her review of the figures released on Monday. She also raised her forecasts for operating profit. However, due to its premium valuation, it remains on the sidelines./ag/tih
Publication of the original study: February 17, 2025 / 6:07 a.m. / GMT
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Hermes 'Buy' - target 2475 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Hermes after the company's earnings release, with a price target of €2,475. The luxury goods group exceeded expectations across the board in the fourth quarter, analyst Zuzanna Pusz wrote in a study released Friday. The strong annual results underpin the unique business model and the improved industry trend, from which, however, only a few players have benefited.
Publication of the original study: February 14, 2025 / 07:28 / GMT. First distribution of the original study: February 14, 2025 / 07:28 / GMT.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg raises target for Hermes to 2,950 euros - 'Buy'
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg raised its price target for Hermes from €2,600 to €2,950 and maintained its "Buy" rating. The annual figures underscored the uniqueness of the luxury goods group's business model, analyst Nick Anderson wrote in his review published on Monday. It raised its revenue and earnings (EBIT) forecasts./edh/ag
Publication of the original study: February 14, 2025 / 4:55 PM / GMT
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan raises target for Hermes to 2,700 euros - 'Neutral'
NEW YORK (dpa-AFX Analyst) - The US bank JPMorgan has raised its price target for Hermes from 2,300 to 2,700 euros, but left the rating at "neutral". In response to the luxury goods group's annual figures and in anticipation of price increases in 2025 and 2026, analyst Chiara Battistini raised her forecasts on Friday evening./edh/ag
Publication of the original study: February 14, 2025 / 5:16 PM / GMT
First distribution of the original study: February 14, 2025 / 5:16 PM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Goldman leaves Hermes at 'Neutral' - target 2070 euros
NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for Hermes at "Neutral" with a price target of €2,070. The French company clearly exceeded expectations in the fourth quarter, analyst Louise Singlehurst wrote on Friday after the results. Hermes has confirmed its ambitious targets./ag/gl
Publication of the original study: February 14, 2025 / 7:28 a.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Hermes at 'Outperform' - Target 2450 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Hermes at "outperform" with a price target of €2,450. The luxury goods group belongs to the elite club of industry companies that are beating expectations with their fourth-quarter figures, analyst Luca Solca wrote in a study released Friday. All business areas contributed to the positive sales surprise./tih/gl
Publication of the original study: February 14, 2025 / 7:58 a.m. / UTC First distribution of the original study: February 14, 2025 / 7:58 a.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Hermes at 'Outperform' - Target 2450 euros
NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Hermes at "Outperform" with a price target of €2,450. Duty-free shopping in December confirmed a sustained recovery in Europe and continued strength for the Asia-Pacific region for the luxury sector, analyst Luca Solca wrote in an industry report released Thursday. Hermes remains the most promising stock in the sector./mf/nas
Publication of the original study: January 16, 2025 / 5:00 a.m. / UTC
First distribution of the original study: January 16, 2025 / 6:41 p.m. / UTC
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan leaves Hermes at 'Neutral' - target 2300 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Hermes at "Neutral" with a price target of €2,300 ahead of the company's quarterly results expected on February 14. Analyst Chiara Battistini wrote in a report released Monday that it has revised its estimates for the luxury goods group based on recent industry data, currency movements, and discussions with the investor relations team. It expects a solid final quarter of 2024./ck/bek
Publication of the original study: January 10, 2025 / 5:48 PM / GMT
First distribution of the original study: January 13, 2025 / 12:15 AM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Hermes 'Buy' - target 2475 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Hermes with a price target of €2,475. Investor sentiment toward the luxury sector has recently improved somewhat, wrote analyst Zuzanna Pusz in an outlook on the companies' upcoming quarterly reports published Thursday. However, this is offset by a shaky economy and a certain "luxury fatigue." Hermes shares have above-average upside potential to their target price among the 14 stocks evaluated./bek/gl
Publication of the original study: January 1, 2025 / 10:57 PM / GMT. First distribution of the original study: January 1, 2025 / 10:57 PM / GMT.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS lowers target for Hermes to 2,475 euros - 'Buy'
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Hermes from €2,515 to €2,475, but maintained its "Buy" rating. The luxury group is galloping into the new year, wrote analyst Zuzanna Pusz in her outlook published on Tuesday. She is optimistic about Hermes in the challenging industry environment. Its earnings estimates take higher taxes in France into account./ag/mne
Publication of the original study: December 2, 2024 / 5:15 p.m. / GMT
First distribution of the original study: December 3, 2024 / Time not specified in the study / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan leaves Hermes at 'Neutral' - target 2300 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Hermes at "Neutral" with a price target of €2,300. Analyst Chiara Battistini wrote this in her outlook for the luxury goods industry published on Monday.
Publication of the original study: November 29, 2024 / 6:31 p.m. / GMT
First distribution of the original study: December 2, 2024 / 12:15 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg starts Hermes with 'Buy' - target 2330 euros
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has initiated a "buy" rating on Hermes shares, setting a price target of €2,330. The European luxury goods industry is suffering from "China syndrome," wrote Nick Anderson in his analysis published Wednesday. The shares are essentially a call option on the economic situation, with China as a decisive factor. Initially thought to be temporary headwinds could prove more persistent. Anderson is betting on Brunello Cucinelli, Hermes, and LVMH. He rates watch manufacturer Swatch as the weakest and recommends selling it./ag/mis
Publication of the original study: October 29, 2024 / 5:25 PM / GMT
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS raises target for Hermes to 2,515 euros - 'Buy'
ZURICH (dpa-AFX Analyst) - Swiss bank UBS raised its price target for Hermes from €2,390 to €2,515 following the company's earnings release and maintained its "Buy" rating. Analyst Zuzanna Pusz concluded in a report released Friday that the past quarter was uneventful for the luxury goods group. However, given recent developments in the industry, the results were encouraging. In addition to raising the sector valuation benchmark, it also raised its earnings estimates for 2025 and 2026./tih/edh
Publication of the original study: October 25, 2024 / 6:00 a.m. / GMT
First distribution of the original study: October 25, 2024 / 6:00 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS maintains Hermes 'Buy' - target 2390 euros
ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its "Buy" rating for Hermes following third-quarter sales figures, with a price target of €2,390. The luxury goods group's revenue figures largely corresponded to the consensus estimate, wrote analyst Zuzanna Pusz in an initial reaction released Thursday./edh/bek
Publication of the original study: October 24, 2024 / 6:24 a.m. / GMT
First distribution of the original study: October 24, 2024 / 6:24 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan raises target for Hermes to 2,300 euros - 'Neutral'
NEW YORK (dpa-AFX Analyst) - Following its quarterly results, US bank JPMorgan raised its price target for Hermes from €2,160 to €2,300 and maintained its rating at "Neutral." The French luxury goods group delivered solid results in line with expectations, analyst Chiara Battistini wrote in a report released Friday. Compared to its competitors, Hermes once again demonstrated its resilience in a difficult market environment. The expert adjusted her estimates./niw/mis
Publication of the original study: October 24, 2024 / 11:01 AM / BST
First distribution of the original study: October 24, 2024 / 11:01 AM / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains Hermes 'Buy' - target 2460 euros
NEW YORK (dpa-AFX Analyser) - The analysis house Jefferies has left the rating for Hermes at "Buy" with a price target of 2460 euros. The luxury group's third-quarter sales growth confirms Hermes' superior resilience compared to the industry, supported by its higher-quality products such as leather goods and saddlery, wrote analyst James Grzinic in a study released Thursday./ajx/edh
Publication of the original study: October 24, 2024 / 2:34 a.m. / ET First distribution of the original study: October 24, 2024 / 2:34 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies raises target for Hermes to 2460 euros - 'Buy'
NEW YORK (dpa-AFX Analyst) - Research firm Jefferies raised its price target for Hermes from €2,200 to €2,460 ahead of the company's third-quarter results and maintained its "Buy" rating. The luxury goods manufacturer is likely to once again differentiate itself from its competitors with its results, analyst James Grzinic wrote in a report released Monday. He expects "healthy growth" in both the EMEA region and the Americas, as millionaires continue to flock to Hermès./ck/he
Publication of the original study: October 7, 2024 / 3:53 PM / ET. First distribution of the original study: October 7, 2024 / 3:53 PM / ET.
Note: Information on the disclosure obligation for conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research lowers target for Hermes - 'Hold'
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research lowered its price target for Hermes from €2,290 to €2,220, but maintained its "Hold" rating. Investor uncertainty in the luxury goods sector is extremely high, wrote Adam Cochrane in his industry analysis published Wednesday. Expectations for the third and fourth quarters have declined. The big question mark now lies over 2025, the cyclical or structural weakness in demand in China, and the effectiveness of the economic stimulus measures there. Cochrane cut its estimates for the second half of 2024 and 2025./ag/tav
Publication of the original study: October 2, 2024 / Time not specified in the study / CET
First distribution of the original study: October 2, 2024 / 4:03 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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UBS lowers target for Hermes to 2,390 euros - 'Buy'
ZURICH (dpa-AFX Analyser) - The Swiss major bank UBS has lowered its price target for Hermes from 2549 to 2390 euros, but left the rating at "Buy". Although the French are comparatively defensive in the difficult industry environment, they cannot completely escape it, wrote analyst Zuzanna Pusz in her outlook on the luxury goods group's quarterly report, published on Tuesday./ag/gl
Publication of the original study: September 23, 2024 / 2:59 PM / GMT First distribution of the original study: September 23, 2024 / 2:59 PM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Goldman lowers Hermes target to 2010 euros - 'Neutral'
NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for Hermes from €2,240 to €2,010, but maintained its rating at "Neutral." Conditions in the luxury goods sector are currently challenging, wrote analyst Louise Singlehurst in her industry commentary published Friday. Shares have already factored in some of these risks with their weakness, but she still sees downside risks. They lowered their estimates across the board, also due to the assumption of higher weighted capital costs./tih/ag
Publication of the original study: September 20, 2024 / 5:33 a.m. / BST
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies lowers target for Hermes to 2,200 euros - 'Buy'
NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has lowered its price target for Hermes from €2,470 to €2,200, but maintained its "Buy" rating. Market expectations for the luxury goods sector have declined by a mid-single-digit percentage over the past month, analyst James Grzinic wrote in his commentary published Friday. He himself fell significantly below consensus with his operating earnings estimate. In some cases, its capped price targets are at the lowest level of all experts./ag/stk
Publication of the original study: September 19, 2024 / 1:42 PM / ET
First distribution of the original study: September 19, 2024 / 7:01 PM / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Bernstein maintains Hermes at 'Outperform' - Target 2500 euros
NEW YORK (dpa-AFX Analyst) - US analyst Bernstein Research has maintained an "outperform" rating on Hermes with a price target of €2,500. August data showed a third consecutive quarter of declining growth momentum in tax-free purchases in mainland Europe and the Asia-Pacific region, analyst Luca Solca wrote in an industry commentary released Tuesday. However, flight data for September showed a recovery in capacity. While Solca remains largely defensive on the luxury goods sector, he is more optimistic than the market consensus for 2025. He recommends expanding positions in quality stocks such as his favorite Hermes, as well as Richemont and LVMH. Among the more defensive sector stocks, Solca prefers Moncler to Prada./gl/ag
Publication of the original study: September 9, 2024 / 8:23 p.m. / UTC. First distribution of the original study: September 10, 2024 / 5:30 a.m. / UTC.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Barclays lowers target for Hermes to 2,220 euros - 'Overweight'
LONDON (dpa-AFX Analyst) - British investment bank Barclays has lowered its price target for Hermes from €2,260 to €2,220, but maintained its rating at "Overweight." Analyst Carole Madjo, with a more skeptical view, returns from a trip out of China with a reality check. According to her industry commentary released on Monday, she now expects prolonged weakness due to structural issues. She sees Kering and Burberry as victims of increased polarization./ag/ims
Publication of the original study: September 9, 2024 / 4:37 a.m. / GMT
First distribution of the original study: September 9, 2024 / 4:45 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.