Kering SA / Analyst ratings

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Analyst ratings

9 analysts rated this company in the past 90 days. The average target price is €180.67, this is a change of -40.9% compared to the current price.

September 29, 2025
UBS raises target for Kering to 251 euros - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Kering from €215 to €251, 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.
September 17, 2025
RBC maintains Kering at 'Sector Perform' - target 220 euros

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Kering at "Sector Perform" with a price target of €220. The appointment of Francesca Bellettini as head of the Gucci brand is encouraging, wrote Piral Dadhania in a study released Wednesday. Dadhania cited the manager's track record at the fashion company Yves Saint Laurent, which is part of the luxury group./rob/la/nas

Publication of the original study: September 17, 2025 / 1:20 p.m. / EDT

First distribution of the original study: September 17, 2025 / 1:20 p.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.
September 15, 2025
Bernstein maintains Kering at 'Market Perform' - Target 180 euros

NEW YORK (dpa-AFX Analyst) - US analyst Bernstein Research has maintained a "Market-Perform" rating on Kering with a price target of €180. Kering's self-help recovery story is likely to be similarly volatile as other luxury goods companies over the past ten years, Luca Solca wrote in an assessment released Monday. Kering still needs to demonstrate tangible progress after its stock recovered 50 percent from recent lows. However, given the new, strong CEO Luca De Meo and the new Gucci Creative Director Demna Gvasalia, he is inclined to a more optimistic assessment./gl/niw

Publication of the original study: September 15, 2025 / 00:29 / UTC. First distribution of the original study: September 15, 2025 / 05:15 / 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.
September 10, 2025
Bernstein maintains Kering at 'Market Perform' - Target 180 euros

NEW YORK (dpa-AFX Analyser) - US analyst firm Bernstein Research has maintained its rating for Kering at "Market-Perform" with a price target of €180. The cosmetics companies it covers performed well in China in August, increasing their gross merchandise value on average, despite a broader weakness in the online cosmetics market there, Callum Elliott wrote in an industry study released Wednesday. However, individual developments differed. L'Oreal and Estée Lauder continued to perform well, while Procter & Gamble Beauty and Proya also grew, and Unilever and LVMH were under pressure./mis/tih

Publication of the original study: September 10, 2025 / 12:50 / UTC

First distribution of the original study: September 10, 2025 / 12:50 / UTC

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.
September 9, 2025
RBC maintains Kering at 'Sector Perform' - target 220 euros

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Kering at "Sector Perform" with a price target of €220. 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./tih/mis

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.
August 27, 2025
Bernstein maintains Kering at 'Market Perform' - Target 170 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Kering at "Market-Perform" with a price target of €170. 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 meager 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.
August 13, 2025
Bernstein maintains Kering at 'Market Perform' - Target 170 euros

NEW YORK (dpa-AFX Analyser) - US analyst firm Bernstein Research has maintained its rating for Kering at "Market-Perform" with a price target of €170. Although gross merchandise value in the Chinese online cosmetics market fell by a good 5 percent in July, the cosmetics providers it covers performed better than the overall market, wrote Callum Elliott in an industry study released Wednesday. However, it is also noteworthy that small local providers in China have developed strongly in recent months./mis/nas

Publication of the original study: August 13, 2025 / 5:30 a.m. / UTC

First distribution of the original study: August 13, 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.
August 10, 2025
RBC raises target for Kering to 220 euros - 'Sector Perform'

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC raised its price target for Kering from €170 to €220 and maintained its rating at "Sector Perform." 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. Even the higher price target for Kering does not justify a higher rating./bek

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.
August 1, 2025
Berenberg lowers target for Kering to 160 euros - 'Hold'

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for Kering from €165 to €160 and maintained its "Hold" rating. In a study released Monday, analyst Nick Anderson observes a rotation among investors in the European luxury goods sector from low-beta stocks to high-beta stocks, which are consequently subject to greater volatility. Kering's share price rose in July, along with those of Burberry and Swatch, while all others fell. He considers this dangerous, partly due to the deteriorating macroeconomic outlook. Kering names Anderson, along with Swatch, one of its "least favorite stocks."/rob/ck/mis

Publication of the original study: August 1, 2025 / 3:56 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.
July 31, 2025
Bernstein raises target for Kering to 180 euros - 'Market Perform'

NEW YORK (dpa-AFX Analyst) - US analyst Bernstein Research has raised its price target for Kering from €170 to €180 and maintained its "Market-Perform" rating. Recent business indicators for the core brand Gucci signaled a slight improvement compared to the second quarter, Luca Solca wrote in a study released Friday. While this could be due to the lower comparative figures from the previous year, it could also be a sign that the luxury goods group's situation is not deteriorating further./rob/edh/mis

Publication of the original study: July 31, 2025 / 7:25 p.m. / UTC

First distribution of the original study: August 1, 2025 / 4:50 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.
July 30, 2025
Deutsche Bank lowers target for Kering to 168 euros - 'Hold'

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has lowered its price target for Kering from €170 to €168 and maintained its "Hold" rating. The luxury group's cost management is solid, but signs of a turnaround are still lacking, Adam Cochrane wrote on Wednesday following the French company's half-year results./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 / 8:08 a.m. / CET

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.
July 29, 2025
Bernstein maintains Kering at 'Market Perform' - Target 170 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Kering at "Market-Perform" with a price target of €170. The luxury group's figures for the first half of the year were slightly worse than the already negative expectations, Luca Solca wrote on Wednesday following the French company's report. The current assessment already takes into account a number of future improvements./rob/ajx/nas

Publication of the original study: July 29, 2025 / 4:44 PM / UTC First distribution of the original study: July 29, 2025 / 4:44 PM / 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.
July 29, 2025
JPMorgan maintains Kering's 'Underweight' rating - target 145 euros

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Kering at "underweight" with a price target of €145 following its half-year results. Sales were exactly as expected, wrote Chiara Battistini in an initial reaction released Wednesday. The luxury goods group's operating result (EBIT) narrowly exceeded the consensus estimate./rob/edh/ajx

Publication of the original study: July 29, 2025 / 9:21 PM / BST

First distribution of the original study: July 30, 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.
July 29, 2025
Jefferies raises target for Kering to 195 euros - 'Hold'

NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies raised its price target for Kering from €170 to €195 following the company's financial results, but maintained its "Hold" rating. The feared pressure on the luxury goods group's sales has been confirmed, wrote James Grzinic in a study released Tuesday. The recent price stabilization signals an imminent recovery./rob/bek/he

Publication of the original study: July 29, 2025 / 3:20 p.m. / Time zone not specified in the study. First distribution of the original study: July 29, 2025 / 3:20 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.
July 29, 2025
RBC maintains Kering at 'Sector Perform' - Target 170 euros

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Kering at "Sector Perform" with a price target of €170 following its second-quarter results. The luxury goods group's revenues are roughly in line with expectations, Piral Dadhania wrote in an initial assessment on Tuesday. The automaker's operating result (EBIT) was slightly better than expected./rob/bek/he

Publication of the original study: July 29, 2025 / 12:14 PM / EDT First distribution of the original study: July 29, 2025 / 12:14 PM / 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.
July 18, 2025
JPMorgan maintains Kering's 'Underweight' rating - target 145 euros

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its "Underweight" rating on Kering with a price target of €145. The quarterly figures from the European luxury goods industry so far have been mixed, wrote Chiara Battistini in an industry commentary released on Monday. Despite this and the varied price reactions, there were few surprises in the fundamental data. Brunello Cucinelli, Burberry, and Richemont largely performed as expected. Company-specific factors continued to play a greater role than economic and industry trends. Among the companies yet to report, Hermes could benefit from the trend toward continued strong domestic demand. However, expectations here already reflected a better performance. The expert remains just as cautious about LVMH, with regard to the fragrances and leather goods business, which is dependent on Asian tourists, as she is about Kering./gl/bek

Publication of the original study: July 18, 2025 / 8:42 p.m. / BST

First distribution of the original study: July 21, 2025 / 12:15 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.
July 18, 2025
RBC maintains Kering at 'Sector Perform' - Target 170 euros

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Kering at "Sector Perform" with a price target of €170. From the French perspective, the deal would be positive, wrote Piral Dadhania on Friday in response to media reports about a separation from Valentino. The luxury group holds the company founded by the Italian designer jointly with the Qatari fund Mayhoola. Dadhania pointed out that Kering aims to significantly reduce its debt. Valentino's valuation is likely still high compared to the current environment./rob/ag/jha/

Publication of the original study: July 18, 2025 / 2:54 a.m. / EDT

First distribution of the original study: July 18, 2025 / 2:54 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.
July 11, 2025
Goldman lowers target for Kering to 162 euros - 'Sell'

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has lowered its price target for Kering from €168 to €162 and maintained its rating at "Sell." The focus is likely to be on costs, the balance sheet, and new products for the Gucci brand, wrote Louise Singlehurst in her outlook for the company's half-year report, published Friday./ag/gl

Publication of the original study: July 11, 2025 / 00:31 / 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), 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.
July 8, 2025
Bernstein maintains Kering at 'Market Perform' - Target 170 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Kering at "Market-Perform" with a price target of €170. 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.
July 7, 2025
Bernstein maintains Kering at 'Market Perform' - Target 170 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Kering at "Market-Perform" with a price target of €170. In his industry assessment published Tuesday, analyst Luca Solca examined employee productivity and its impact on the return on capital of luxury goods companies. He noted "strong correlations" with developments in the retail sector. Staff productivity also opens up interesting perspectives with regard to fair wages./tih/ag

Publication of the original study: July 7, 2025 / 3:07 PM / UTC

First distribution of the original study: July 7, 2025 / 9:00 PM / 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.
June 30, 2025
RBC maintains Kering at 'Sector Perform' - Target 170 euros

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Kering at "Sector Perform" with a price target of €170. 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. Kering is among the companies with significantly below-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.
June 30, 2025
UBS raises target for Kering to 190 euros - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Kering from €158 to €190, but left its rating at "Neutral." The French luxury goods manufacturer's quarterly figures are likely to be in line with expectations, wrote analyst Zuzanna Pusz in a report published Tuesday./rob/mif

Publication of the original report: June 30, 2025 / 2:23 a.m. / GMT

First distribution of the original report: June 30, 2025 / Time not specified in report / Time zone not specified in 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.
June 30, 2025
UBS raises target for Kering to 190 euros - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS raised its price target for Kering from 158 to 190 euros, but left its rating at "neutral." The second quarter is expected to broadly confirm the trends seen at the start of the year, wrote Zuzanna Pusz in her outlook for the interim report published on Tuesday. It cut its earnings estimates until 2027, as it does not initially expect earnings growth to stabilize./rob/ag/gl

Publication of the original study: June 30, 2025 / 2:23 a.m. / 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.
June 26, 2025
Bernstein maintains Kering at 'Market Perform' - Target 170 euros

NEW YORK (dpa-AFX Analyst) - US analyst Bernstein Research has maintained a "Market-Perform" rating on Kering with a price target of €170. Typical luxury goods manufacturers such as LVMH generate two-thirds of their 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.
June 24, 2025
JPMorgan lowers target for Kering to 145 euros - 'Underweight'

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Kering from 150 to 145 euros and maintained its rating at "underweight." Ahead of the company's quarterly results on July 29, it lowered its operating profit (EBIT) forecasts for the luxury goods group, Chiara Battistini wrote in an outlook released Wednesday. She referred to the latest industry data and exchange rate changes, as well as discussions with the company's investor relations team./rob/gl/ag

Publication of the original study: June 24, 2025 / 5:22 PM / BST First distribution of the original study: June 25, 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.
June 24, 2025
Bernstein relists Kering with 'Market-Perform'

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has reinstated its "Market Perform" rating on Kering shares, with a price target of €170. Luca Solca wrote this in his analysis of the European luxury brand industry, focusing on the future of multi-brand retail, published Wednesday./ag/tih

Publication of the original study: June 24, 2025 / 9:28 p.m. / UTC

First distribution of the original study: June 25, 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.
June 23, 2025
Jefferies maintains Kering on 'Hold' - target 170 euros

NEW YORK (dpa-AFX Analyst) - Research firm Jefferies has maintained its "Hold" rating for Kering with a price target of €170, ahead of its interim report expected at the end of July. Investors should pay attention to how cash flow develops in light of the luxury goods group's new margin lows, wrote James Grzinic in a study released Monday. It also seeks clues as to the extent to which Gucci's design studio can revive sluggish sales of some key bag brands. This, in turn, could provide an indication of the magnitude of the task facing Gucci's new artistic director./rob/la/edh

Publication of the original study: June 23, 2025 / 8:32 a.m. / Time zone not specified in the study. First distribution of the original study: June 23, 2025 / 8:32 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.
June 18, 2025
Berenberg maintains Kering on 'Hold' - target 165 euros

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Hold" rating for Kering with a price target of €165. 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.
June 17, 2025
Bernstein maintains Kering at 'Market Perform' - Target 170 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained a "Market Perform" rating on Kering with a price target of €170. 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 sales decline 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.
June 16, 2025
JPMorgan maintains Kering's 'Underweight' rating - target 150 euros

NEW YORK (dpa-AFX Analyser) - The US bank JPMorgan has left its rating for Kering at "Underweight" with a price target of 150 euros following media reports that Renault CEO Luca de Meo is moving to Kering. De Meo's good reputation and achievements in an equally difficult industry are remarkable and should bode well for a radical new start at the luxury goods group, wrote Chiara Battistini in a study published on Monday./rob/edh/gl

Publication of the original study: June 16, 2025 / 9:38 a.m. / BST First distribution of the original study: June 16, 2025 / 9:52 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.
June 16, 2025
UBS maintains Kering at 'Neutral' - Target 158 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating on Kering at "Neutral" with a price target of €158. The stock reacted positively to the news that Renault CEO Luca de Meo would be joining the luxury goods group in the same position, Zuzanna Pusz wrote in an initial reaction on Monday. She, too, would welcome such a move from Kering's perspective, as it would bring a new perspective and the prospect of further management changes. However, there is no official confirmation of this appointment yet./gl/bek

Publication of the original study: June 16, 2025 / 12:07 / GMT

First distribution of the original study: June 16, 2025 / 12:07 / 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.
June 16, 2025
Deutsche Bank Research maintains Kering's 'Hold' rating - target 177 euros

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Hold" rating for Kering with a price target of €177. In a study released Tuesday, analyst Adam Cochrane cited media reports that Renault CEO Luca de Meo would take over as CEO of the luxury goods group. He noted that De Meo's reputation at Renault and in previous positions in the automotive sector, despite a challenging market environment, was impressive, as brand management and efficiency were key factors for success. Both are currently in demand at Kering./ck/edh

Publication of the original study: June 16, 2025 / Time not specified in the study / CET

First distribution of the original study: June 17, 2025 / 7:58 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.
June 16, 2025
Bernstein maintains Kering at 'Market Perform' - Target 170 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Kering at "Market-Perform" with a price target of €170. A breath of fresh air could trigger massive changes, Luca Solca wrote on Monday, referring to the leadership change to Luca de Meo. However, according to Kering, a revolution is not to be expected./rob/ag/gl

Publication of the original study: June 16, 2025 / 5:19 p.m. / UTC First distribution of the original study: June 16, 2025 / 5:19 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), 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.
June 16, 2025
RBC maintains Kering at 'Sector Perform' - Target 170 euros

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Kering at "Sector Perform" with a price target of €170. In a study released Monday, analyst Piral Dadhania cited media reports that Renault CEO Luca de Meo would be joining the French luxury goods manufacturer. As an outsider, de Meo may be more willing to make tougher decisions. At the same time, several important decisions have already been made at Kering recently, and he also doubts that de Meo, despite his impressive resume in terms of strategic perspectives and turnaround credentials, has the relevant experience in the luxury sector./rob/ck/la

Publication of the original study: June 16, 2025 / 2:37 a.m. / EDT

First distribution of the original study: June 16, 2025 / 2:37 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.
June 15, 2025
Bernstein maintains Kering at 'Market Perform' - Target 170 euros

NEW YORK (dpa-AFX Analyser) - US analyst Bernstein Research has maintained a "Market-Perform" rating on Kering with a price target of €170. The luxury goods group needs change, wrote Luca Solca, citing media reports that outgoing Renault CEO Luca De Meo will be joining Kering. In the study, published Monday, he pointed to Kering's very weak share price, which he attributes primarily to declining revenues at its core brand, Gucci. Solca expects François-Henri Pinault, who currently holds the position of Chairman and CEO, to remain Chairman. If De Meo becomes the new CEO, this would be positive, but he would face significant challenges. However, prompt information about De Meo's plans and the implementation plan is crucial./rob/ck/tih

Publication of the original study: June 15, 2025 / 10:49 PM / UTC

First distribution of the original study: June 16, 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.
June 8, 2025
Bernstein maintains Kering at 'Market Perform' - Target 170 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Kering at "Market-Perform" with a price target of €170. 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.
June 2, 2025
RBC lowers target for Kering to 170 euros - 'Sector Perform'

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC lowered its price target for Kering from €180 to €170, but maintained its rating at "Sector Perform." 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. Given these circumstances, he continues to favor a more defensive investment strategy with stocks such as Hermes and Ferrari. He reduced his estimates for Kering due to declining margins./tih/ag

Publication of the original study: June 2, 2025 / 5:13 p.m. / EDT

First distribution of the original study: June 3, 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.
May 2, 2025
Barclays lowers target for Kering to 145 euros - 'Underweight'

LONDON (dpa-AFX Analyst) - British investment bank Barclays has lowered its price target for Kering from €192 to €145 and maintained its rating at "Underweight." 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 Friday. She is removing her recommendation for LVMH and 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.
April 24, 2025
Berenberg lowers target for Kering to 165 euros - 'Hold'

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for Kering from €215 to €165, but maintained its "Hold" rating. The French company's management faces a dilemma, analyst Nick Anderson wrote on Thursday following the quarterly report, which featured very weak sales. Reducing costs associated with customer contact will slow sales growth. However, if they are not reduced, margins and free cash flow would quickly erode./ag/mis

Publication of the original study: April 24, 2025 / 3:55 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.
April 24, 2025
UBS lowers target for Kering to 158 euros - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS lowered its price target for Kering from 195 to 158 euros following first-quarter results and left the rating at "neutral." The luxury goods group had a weak start to 2025, analyst Zuzanna Pusz wrote in a study published Thursday. The decline of the Gucci brand in retail sales has accelerated compared to the final quarter of 2024. The expert lowered its earnings per share estimates by 11 to 23 percent.

Publication of the original study: April 24, 2025 / 5:22 a.m. / GMT

First distribution of the original study: April 24, 2025 / 5:22 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.
April 23, 2025
Deutsche Bank Research lowers target for Kering - 'Hold'

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research lowered its price target for Kering from €205 to €177, but maintained its "Hold" rating. The first quarter was weak, and the second quarter is unlikely to improve much, analyst Adam Cochrane wrote Wednesday evening after the results were released. He cut his earnings forecast for the full year./ag/mis

Publication of the original study: April 23, 2025 / Time not specified in study / GMT

First distribution of the original study: April 23, 2025 / 7:27 p.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.
April 23, 2025
Bernstein maintains Kering at 'Market Perform' - Target 150 euros

NEW YORK (dpa-AFX Analyst) - Following first-quarter results and a conference call, US analyst Bernstein Research maintained its rating for Kering at "Market-Perform" with a price target of €150. Management has effectively lowered its sales growth target for the second quarter, analyst Luca Solca wrote in a study released Thursday. Whether things will improve for the luxury goods manufacturer over the course of the year depends on a recovery in demand in China./bek/edh

Publication of the original study: April 23, 2025 / 9:32 PM / UTC

First distribution of the original study: April 23, 2025 / 9:32 PM / 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.
April 23, 2025
Goldman lowers target for Kering to 168 euros - 'Sell'

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has lowered its price target for Kering from €180 to €168 and maintained its "sell" rating. The weak sales performance was to be expected, analyst Louise Singlehurst wrote Wednesday evening following the quarterly report. The decisive factor will be when the Gucci brand stops its market share erosion. However, this is difficult in the increasingly deteriorating economic environment./ag/edh

Publication of the original study: April 23, 2025 / 9:28 PM / 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.
April 23, 2025
JPMorgan lowers target for Kering to 150 euros - 'Underweight'

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan lowered its price target for Kering from €195 to €150 and maintained its rating at "Underweight." The French company missed expectations across all its brands in the first quarter, analyst Chiara Battistini wrote Wednesday evening after the interim report. Despite lower comparables, Gucci's retail business also deteriorated again compared to the final quarter of 2024. Battistini expects an equally weak second quarter for Kering and a sluggish recovery in the second half of the year. It cut its estimates and continues to view the shares as underperformers./ag/bek

Publication of the original study: April 23, 2025 / 10:51 PM / BST

First distribution of the original study: April 24, 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.
April 23, 2025
RBC maintains Kering at 'Sector Perform' - Target 240 euros

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Kering at "Sector Perform" with a price target of €240. The luxury goods manufacturer's first-quarter sales were slightly below already subdued expectations, analyst Piral Dadhania wrote in an initial assessment of the figures on Wednesday./ajx/he

Publication of the original study: April 23, 2025 / 12:09 / EDT First distribution of the original study: April 23, 2025 / 12:09 / 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), 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.
April 23, 2025
UBS maintains Kering at 'Neutral' - target 195 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Kering at "Neutral" with a price target of €195. The luxury goods manufacturer's first-quarter sales fell short of market expectations, analyst Zuzanna Pusz wrote on Wednesday after the company's results were released. The reason was the business with the Gucci brand. Overall, the figures were weak. The focus is now on the outlook and possible additional measures to protect earnings and the balance sheet./ajx/he

Publication of the original study: April 23, 2025 / 4:06 p.m. / GMT First distribution of the original study: April 23, 2025 / 4:06 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.
April 9, 2025
Goldman lowers target for Kering to 180 euros - 'Sell'

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has lowered its price target for Kering from €205 to €180 and maintained its "sell" rating. Shares in the luxury sector have recently fallen significantly more sharply than the overall market, analyst Louise Singlehurst wrote in a study released Thursday. This reflected bleak growth prospects./bek/nas

Publication of the original study: April 9, 2025 / 10:25 PM / 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.
April 9, 2025
Deutsche Bank lowers Kering to 'Hold' and target to 205 euros

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has downgraded Kering from "Buy" to "Hold" and lowered its price target from €340 to €205. 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 industry 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. Regarding Kering, he wrote that his positive assessment came too early. The appointment of Demna Gvasalia as creative director was less prominent than expected. Overall, a revenue recovery by 2026 is now rather unlikely for several reasons./ck/la

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.
March 31, 2025
RBC maintains Kering at 'Sector Perform' - Target 240 euros

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Kering at "Sector Perform" with a price target of €240. Analyst Piral Dadhania delved deeply into the tariff issue in his commentary on the luxury and sporting goods industry published Tuesday. He outlined a possible scenario for US demands on imports starting April 2. The tariffs would have both a direct impact on costs and an indirect impact on consumer sentiment. He sees the comparatively highest risks in Puma, Nike, and Dockers. Moncler, LVMH, and Pandora are likely to fare particularly well. In general, however, the expert is cautious about Pandora./ag/mis

Publication of the original study: March 31, 2025 / 10:32 PM / EDT

First distribution of the original study: April 1, 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.
March 28, 2025
RBC lowers target for Kering to 240 euros - 'Sector Perform'

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC lowered its price target for Kering from €260 to €240 ahead of its quarterly results and maintained its "Sector Perform" rating. The luxury goods group likely experienced similarly strong pressure in its operating business as in the previous quarter, analyst Piral Dadhania wrote in an outlook released Friday. It lowered its revenue and earnings forecasts for the years 2025 to 2027./edh/mis

Publication of the original study: March 28, 2025 / 2:21 a.m. / EDT

First distribution of the original study: March 28, 2025 / 2:21 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.
March 27, 2025
UBS lowers target for Kering to 195 euros - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS lowered its price target for Kering from €246 to €195, but maintained its rating at "Neutral." Despite market enthusiasm about the luxury stocks entering a new earnings cycle, the bank maintains its cautious stance due to some signs of "luxury fatigue," analyst Zuzanna Pusz wrote in an industry report released Friday. Their favorites in the sector are Hermes and Richemont./edh/mis

Publication of the original study: March 27, 2025 / 11:02 PM / GMT

First distribution of the original study: March 27, 2025 / 11:02 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.
March 27, 2025
Bernstein maintains Kering at 'Market Perform' - Target 200 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Kering at "Market-Perform" with a price target of €200. 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 on 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.
March 23, 2025
Bernstein lowers target for Kering to 200 euros - 'Market perform'

NEW YORK (dpa-AFX Analyser) - US analyst firm Bernstein Research has lowered its price target for Kering from 250 to 200 euros ahead of first-quarter figures and left the rating at "Market-Perform". In an outlook released on Monday, analyst Luca Solca reduced the estimates for the Gucci brand's organic growth for 2025 and 2026. The expert also lowered the assumptions for Gucci's operating margins (EBIT) for those two years./bek/tih

Publication of the original study: March 23, 2025 / 6:53 p.m. / UTC

First distribution of the original study: March 24, 2025 / 6:00 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.
March 21, 2025
JPMorgan maintains Kering's 'Underweight' rating - target 195 euros

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Kering at "underweight" with a price target of €195 ahead of first-quarter sales figures. Sales of the Gucci brand are likely to have fallen by almost a quarter, analyst Chiara Battistini wrote in a study released Monday. The other luxury brands are also likely to have performed comparatively weakly. It highlighted the "Negative Catalyst Watch" status it had already assigned to the stock in light of the results./bek/tih

Publication of the original study: March 21, 2025 / 6:07 PM / GMT

First distribution of the original study: March 24, 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.
March 13, 2025
Bernstein maintains Kering at 'Market Perform' - Target 250 euros

NEW YORK (dpa-AFX Analyser) - The US analyst firm Bernstein Research has maintained Kering's "Market-Perform" rating with a price target of 250 euros. Analyst Luca Solca wrote in a study released Friday that he would give Demna Gvasalia's nomination as the future creative director of the Gucci brand 5 out of 10 points, as he was unsure whether he was up to the task./gl/edh

Publication of the original study: March 13, 2025 / 7:33 p.m. / UTC First distribution of the original study: March 13, 2025 / 7:33 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.
March 13, 2025
RBC maintains Kering at 'Sector Perform' - Target 260 euros

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Kering at "Sector Perform" with a price target of €260 in light of the appointment of Demna Gvasalia as Gucci's new chief designer. The appointment was likely a surprise, as investors had expected the appointment of an external, more well-known designer, analyst Piral Dadhania wrote in a report released Friday. He appreciates the manager's success at Balenciaga, but fears that his involvement with Gucci is not enough to send the right signals to consumers and investors./tih/gl

Publication of the original study: March 13, 2025 / 6:21 p.m. / EDT. First distribution of the original study: March 14, 2025 / 6:21 p.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.
March 13, 2025
Jefferies maintains Kering on 'Hold' - target 210 euros

NEW YORK (dpa-AFX Analyst) - Research firm Jefferies has maintained its "Hold" rating for Kering with a price target of €210. The luxury goods group's US-traded depositary receipts came under pressure after the European close, analyst James Grzinic wrote in a report released Friday. This likely reflects investors' surprise over the appointment of Demna Gvasalia as the new chief designer at the core brand Gucci. This is an unexpected turn of events./tih/mis

Publication of the original study: March 13, 2025 / 3:01 p.m. / ET

First distribution of the original study: March 13, 2025 / 3:01 p.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.
March 10, 2025
Bernstein maintains Kering at 'Market Perform' - Target 250 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Kering at "Market-Perform" with a price target of €250. Data from Global Blue, which handles the refund of tourism purchasing tax, showed some weakening in demand in February, but this was mainly due to calendar effects, analyst Luca Solca wrote in a study released Monday. However, on a two-year basis, the recovery remains on track, as growth in Europe offsets the slower recovery in the Asia-Pacific region./ck/gl

Publication of the original study: March 10, 2025 / 6:12 a.m. / UTC First distribution of the original study: March 10, 2025 / 6:12 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.
March 3, 2025
Bernstein maintains Kering at 'Market Perform' - Target 250 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Kering at "Market-Perform" with a price target of €250. The major luxury brands would have to acquire large properties to establish branches in New York, wrote analyst Luca Solca 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.
February 13, 2025
Bernstein raises target for Kering to 250 euros - 'Market Perform'

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research raised its price target for Kering from €220 to €250 following the company's earnings results and maintained its "Market-Perform" rating. The luxury goods manufacturer's targets for 2025 are ambitious, analyst Luca Solca wrote in a study released Thursday. To make this a reality, a new creative director is urgently needed for the important Gucci brand./ck/mis

Publication of the original study: February 13, 2025 / 00:52 / UTC

First distribution of the original study: February 13, 2025 / 06:19 / 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.
February 13, 2025
Deutsche Bank Research raises target for Kering - 'Buy'

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Kering from €320 to €340 and maintained its "Buy" rating. The luxury goods group has had a tough year, wrote analyst Adam Cochrane in an assessment released Thursday. While things are unlikely to be as bad in 2025, Kering nevertheless needs a significant business recovery in the second half of the year to keep its operating result (EBIT) stable. However, this assumption is ambitious – many investors fear further declining consensus estimates over the course of the year.

Publication of the original study: February 13, 2025 / 8:05 a.m. / CET

First distribution of the original study: Date not specified in study / 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) 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.
February 12, 2025
Goldman maintains Kering's 'Sell' rating - target 205 euros

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "sell" rating for Kering with a price target of €205. Even though 2025 is expected to be a year of stability for the luxury group, uncertainty remains, analyst Louise Singlehurst wrote on Wednesday. The future direction of the Gucci brand remains a focus of investors./ajx/gl

Publication of the original study: February 12, 2025 / 7:52 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.
February 12, 2025
Berenberg maintains Kering on 'Hold' - target 215 euros

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Hold" rating for Kering with a price target of €215. The second half of 2025, which is critical for the luxury group, will likely be disappointing, analyst Nick Anderson predicted in a study published Wednesday. The reason for this is the structural problems in the Chinese sales market./bek/mis

Publication of the original study: February 12, 2025 / 6:40 a.m. / GMT

First distribution of the original study: February 12, 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), 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.
February 11, 2025
Jefferies maintains Kering on 'Hold' - target 210 euros

NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained a "Hold" rating on Kering with a price target of €210. Investors are still only moderately enthusiastic and not fully convinced about a turnaround at the luxury goods group, wrote analyst James Grzinic in an assessment released Wednesday./gl/mis

Publication of the original study: February 11, 2025 / 3:41 p.m. / ET First distribution of the original study: February 11, 2025 / 7:00 p.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.
February 11, 2025
Bernstein maintains Kering at 'Market Perform' - Target 220 euros

NEW YORK (dpa-AFX Analyst) - Following a conference call, US analyst Bernstein Research maintained its rating for Kering at "Market-Perform" with a price target of €220. There has been no news yet regarding the appointment of a new creative director for the Gucci brand, analyst Luca Solca wrote in a report released Wednesday. However, a decision is likely to be made sooner rather than later./bek/tih

Publication of the original study: February 11, 2025 / 5:48 PM / UTC

First distribution of the original study: February 11, 2025 / 5:48 PM / 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.
February 11, 2025
UBS raises target for Kering to 246 euros - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS raised its price target for Kering from €228 to €246 following its fourth-quarter 2024 results, but left the rating at "neutral." Analyst Zuzanna Pusz wrote in a study released Wednesday that these results were somewhat better than expected, reflecting the trend in the luxury sector. However, the focus remains on the future. The weakness of the Gucci brand suggests further declining consensus estimates./bek/tih

Publication of the original study: February 11, 2025 / 10:05 PM / GMT

First distribution of the original study: February 11, 2025 / 10:05 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.
February 11, 2025
Goldman maintains Kering's 'Sell' rating - target 205 euros

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its "Sell" rating for Kering with a price target of €205. Operating profit (EBIT) was slightly above consensus, wrote analyst Louise Singlehurst on Tuesday morning after the results. However, the French firm refrained from providing details regarding the outlook./ag/tih

Publication of the original study: February 11, 2025 / 7:24 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.
February 11, 2025
Bernstein maintains Kering at 'Market Perform' - Target 220 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Kering at "Market-Perform" with a price target of €220 following its fourth-quarter 2024 results. While these are above expectations, analyst Luca Solca wrote in a report released Tuesday, there are still no signs of improvement for the Gucci brand. This was a negative surprise after their creative director, Sabato De Sarno, had thrown in the towel./bek/gl

Publication of the original study: February 11, 2025 / 7:20 a.m. / UTC First distribution of the original study: February 11, 2025 / 7:20 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.
February 11, 2025
RBC maintains Kering's 'Sector Perform' rating after figures

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Kering at "Sector Perform" with a price target of €240 following its earnings release. The luxury goods group's quarterly revenue and operating profit were slightly above consensus, analyst Piral Dadhania wrote in a report released Tuesday. In terms of revenue, all luxury segments also improved compared to the third quarter. Gucci's business also improved, but still slightly missed expectations./ck/gl

Publication of the original study: February 11, 2025 / 2:23 a.m. / EST. First distribution of the original study: February 11, 2025 / 2:23 a.m. / EST.

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.
February 11, 2025
JPMorgan maintains Kering's 'underweight' rating after figures

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Kering at "Underweight" with a price target of €195 following the release of its 2024 annual figures. On the sales side, the luxury goods group performed largely as expected, with operating profit slightly better and earnings slightly weaker, analyst Chiara Battistini wrote in a study released Tuesday. Overall, she sees "not much to support a more positive assessment."/ck/gl

Publication of the original study: February 11, 2025 / 7:36 a.m. / GMT First distribution of the original study: February 11, 2025 / 7:36 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.
February 11, 2025
Jefferies maintains Kering on 'Hold' - target 210 euros

NEW YORK (dpa-AFX Analyst) - Following its fourth-quarter results, analyst Jefferies maintained its "Hold" rating for Kering with a price target of €210. As expected, the situation improved in the final quarter, analyst James Grzinic wrote in an initial reaction on Tuesday. Optimists could point to encouraging figures from the Gucci brand. The conference call is expected to focus primarily on the luxury goods manufacturer's current trading environment./bek/tih

Publication of the original study: February 11, 2025 / 2:21 a.m. / ET

First distribution of the original study: February 11, 2025 / 2:21 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.
February 7, 2025
Jefferies maintains Kering on 'Hold' - target 210 euros

NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies has maintained its "Hold" rating for Kering with a price target of €210. In a report released Friday, analyst James Grzinic cited initial feedback from the Chinese luxury goods group and the impact of the departure of creative director Sabato de Sarno. All of this indicates that 2025/2026 is likely to be another transitional year for the group, he wrote.

Publication of the original study: February 7, 2025 / 12:47 PM / ET. First distribution of the original study: February 7, 2025 / 12:47 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.
February 6, 2025
Bernstein maintains Kering at 'Market Perform' - Target 220 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained a "Market-Perform" rating on Kering with a price target of €220. The end of the collaboration with Gucci creative director Sabato De Sarno had already been apparent, analyst Luca Solca wrote in a commentary published Thursday. De Sarno's understated style did not fit the brand's extravagant image that consumers had built over the past 30 years. Thus, the merry-go-round in this position continues to turn. Investors now need patience.

Publication of the original study: February 6, 2025 / 11:09 a.m. / UTC First distribution of the original study: February 6, 2025 / 11:09 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.
February 6, 2025
JPMorgan maintains Kering's 'Underweight' rating - target 195 euros

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Kering at "Underweight" with a price target of €195. The French firm is relaunching Gucci, analyst Chiara Battistini wrote on Thursday following the replacement of the creative director after just two years. The reaction to his collections was rather muted, and he failed to trigger a new brand run. The news is therefore not really surprising, except for the timing, so close to the presentation of the Fall/Winter 2025 collection and the group's figures./ag/gl

Publication of the original study: February 6, 2025 / 8:37 a.m. / GMT First distribution of the original study: February 6, 2025 / 8:37 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.
January 15, 2025
UBS maintains Kering at 'Neutral' - Target 228 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Kering at "Neutral" with a price target of €228 following an agreement with investment firm Ardian. The deal concerns three high-end properties owned by the luxury group in Paris and follows its intention to de-risk recent real estate investments in light of its deteriorating financial position, analyst Zuzanna Pusz wrote in a report released Wednesday. The market is therefore likely to view the news positively./ajx/zb

Publication of the original study: January 15, 2025 / 7:04 PM / GMT First distribution of the original study: January 15, 2025 / 7:04 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.
January 9, 2025
RBC raises target for Kering to 240 euros - 'Sector Perform'

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC raised its price target for Kering from €230 to €240 ahead of the start of the reporting season and maintained its rating at "Sector Perform." Sales trends among luxury goods companies are expected to have stabilized in the past quarter, wrote analyst Piral Dadhania in an industry report released Thursday. He sees opportunities in the US, while at least he does not expect any further deterioration in China. LVMH and Richemont are likely to be the most robustly positioned, while Kering and Swatch face risks. In the sporting goods sector, Dadhania prefers Adidas due to its superior sales growth compared to Puma, but expects both companies to post strong figures for the past quarter. The focus for both should also be on the outlook.

Publication of the original study: January 9, 2025 / 1:03 AM / EST

First distribution of the original study: January 9, 2025 / 1:03 AM / EST

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.
January 9, 2025
Berenberg lowers target for Kering to 215 euros - 'Hold'

HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has lowered its price target for Kering from €230 to €215 and maintained its rating at "Hold." Economic news will continue to dominate the luxury sector in 2025, wrote analyst Nick Anderson in his industry outlook published Friday. He expects greater volatility in the sector. The market is overestimating the impact of US import tariffs, while underestimating headwinds in China. Against this backdrop, a defensive equity strategy is crucial. Anderson favors stocks of companies that are expanding market share, such as Brunello Cucinelli, Hermes, and LVMH. He lowered his estimates for Kering, stating that the outlook is uncertain. The Gucci brand's turnaround is the key factor in the Kering story, but without clear evidence, it's hard to rely on it./ajx/zb

Publication of the original study: January 9, 2025 / 4:45 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.
December 11, 2024
RBC maintains Kering at 'Sector Perform' - Target 230 euros

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained Kering's "Sector Perform" rating with a price target of €230. The improving US economy is supporting shares of luxury goods and sporting goods manufacturers, analyst Piral Dadhania wrote in a sector outlook for 2025 published Thursday. Recent data, including from China, strengthened his confidence in a stabilization of sales starting in the current quarter. In the luxury goods sector, he favors LVMH, Burberry, and Watches of Switzerland, and in the sporting goods sector, Adidas. The company's diversification, economies of scale, and status as a leader in the industry speak in favor of LVMH./gl/mis

Publication of the original study: December 11, 2024 / 8:19 PM / EST. First distribution of the original study: December 12, 2024 / 12:45 AM / EST.

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.
December 9, 2024
RBC maintains Kering at 'Sector Perform' - Target 230 euros

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Kering at "Sector Perform" with a price target of €230. Analyst Piral Dadhania's favorites for 2025 in the luxury and premium brands sector are Adidas, LVMH, Burberry, and Watches of Switzerland. He wrote this in his outlook on Monday./ag/gl

Publication of the original study: December 9, 2024 / 12:46 AM / EST First distribution of the original study: December 9, 2024 / 12:46 AM / EST

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.
December 5, 2024
Goldman maintains Kering's 'Sell' rating - target 205 euros

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has maintained its rating for Kering at "Sell" and set a price target of €205. In her industry outlook published Friday, analyst Louise Singlehurst expects Europe's luxury goods manufacturers to achieve average sales growth of 3 percent in 2025, adjusted for currency effects – half the long-term average. Given the share price decline since the beginning of the year, support from the valuation side is increasing. With consensus estimates already pointing to growth in Western markets, the decisive factor remains the course of a recovery in China. However, developments at individual companies are likely to diverge. Singlehurst favors LVMH, Moncler, and Prada due to their potential for market share gains and their attractive valuations – she upgraded the latter two to "Buy." Due to the industry's low growth, it is still too early to bet on turnaround stories like Kering./gl/ag

Publication of the original study: December 5, 2024 / 11:21 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.
December 2, 2024
UBS raises target for Kering to 228 euros - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has raised its price target for Kering from €227 to €228 and left its rating at "Neutral." Analyst Zuzanna Pusz wrote in her outlook published on Tuesday that 2025 will likely not be a Gucci year./ag/mne/

Publication of the original study: December 2, 2024 / 5:34 p.m. / GMT

First distribution of the original study: December 3, 2024 / 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.
November 29, 2024
JPMorgan lowers Kering to 'Underweight' - target 195 euros

NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has downgraded Kering from "Neutral" to "Underweight" and lowered its price target from €220 to €195. The environment is likely to remain tough, especially for Kering and Swatch, analyst Chiara Battistini wrote in her outlook for the luxury goods industry released on Monday. Its operating earnings estimates are well below the consensus./ag/bek

Publication of the original study: November 29, 2024 / 6:31 PM / GMT

First distribution of the original study: December 2, 2024 / 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.
November 21, 2024
Bernstein lowers target for Kering to 220 euros - 'Market Perform'

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research lowered its price target for Kering from €260 to €220, but maintained its "Market-Perform" rating. Analyst Luca Solca presented a revised outlook for the luxury goods industry for 2025 on Thursday. Overall, he expects more moderate growth, depending on the second half of the year. First, it remains to be seen whether the recently sluggish Chinese demand will recover./ag/mis

Publication of the original study: November 21, 2024 / 00:19 / UTC

First distribution of the original study: November 21, 2024 / 06:25 / 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.
November 18, 2024
Deutsche Bank lowers target for Kering to 320 euros - 'Buy'

FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has lowered its price target for Kering from 340 to 320 euros, but maintained its "Buy" rating. While it's impossible to say with certainty, the luxury group's third quarter should have marked the low point in currency-adjusted sales growth, analyst Adam Cochrane wrote in his assessment released Monday. The mood among investors is gloomy, which is reflected in the rating./ajx/ag

Publication of the original study: November 18, 2024 / Time not specified in the study / CET. First distribution of the original study: November 18, 2024 / 08:14 / 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.
October 25, 2024
Barclays lowers target for Kering to 180 euros - 'Underweight'

LONDON (dpa-AFX Analyst) - British investment bank Barclays has lowered its price target for Kering from €208 to €180 and maintained its rating at "Underweight." Analyst Carole Madjo cut her estimates in her reaction to the French company's weak quarterly report on Monday. She said there is currently little cause for more optimism.

Publication of the original study: October 25, 2024 / 8:30 a.m. / GMT

First distribution of the original study: October 25, 2024 / 8:34 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) 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.
October 24, 2024
UBS maintains Kering at 'Neutral' - target 227 euros

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has maintained its rating for Kering at "Neutral" following third-quarter sales figures, with a price target of €227. The revenue figures signal that the luxury goods group is in a difficult situation, 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.
October 23, 2024
RBC maintains Kering at 'Sector Perform' - Target 280 euros

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Kering at "Sector Perform" with a price target of €280 following third-quarter sales figures. The French luxury goods group has disappointed, wrote analyst Piral Dadhania in an initial reaction on Wednesday. In addition, the updated forecast for operating profit (EBIT) this year is below market expectations.

Publication of the original study: October 23, 2024 / 12:19 PM / EDT. First distribution of the original study: October 23, 2024 / 12:19 PM / 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.
October 23, 2024
RBC lowers target for Kering to 230 euros - 'Sector Perform'

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC lowered its price target for Kering from €280 to €230 following third-quarter sales figures, but maintained its "Sector Perform" rating. The luxury goods group's revenues fell 16 percent organically and missed the consensus estimate by 5 percent, analyst Piral Dadhania wrote in an initial reaction released Thursday. It significantly lowered its revenue and earnings forecasts for the years 2024 to 2026./edh/jha/

Publication of the original study: October 23, 2024 / 7:05 p.m. / EDT

First distribution of the original study: October 24, 2024 / 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.
October 23, 2024
JPMorgan lowers target for Kering to 220 euros - 'Neutral'

NEW YORK (dpa-AFX Analyst) - The US bank JPMorgan has lowered its price target for Kering from 265 to 220 euros following third-quarter sales figures, but left the rating at "neutral". The luxury goods group's revenue figures fell short of even the recently reduced market expectations, wrote analyst Chiara Battistini in an initial response released Thursday./edh/mis

Publication of the original study: October 23, 2024 / 9:39 PM / BST

First distribution of the original study: October 24, 2024 / 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.
October 23, 2024
Jefferies lowers target for Kering to 210 euros - 'Hold'

NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies lowered its price target for Kering from €220 to €210 following third-quarter sales figures and maintained its "Hold" rating. The luxury goods group has confirmed investors' concerns that there are no significant improvements at its core brand, Gucci, wrote analyst James Grzinic in a report released Wednesday. The premium positioning of the Bottega Veneta brand and its resilience in the eyewear/beauty segment were the two small positive aspects of the figures presented.

Publication of the original study: October 23, 2024 / 3:57 p.m. / ET. First distribution of the original study: October 23, 2024 / 3:57 p.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.
October 9, 2024
RBC maintains Kering at 'Sector Perform' - Target 280 euros

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Kering at "Sector Perform" with a price target of €280. The new head of the Gucci brand is recognized as a veteran in the luxury industry, wrote analyst Piral Dadhania in his commentary published Wednesday. However, he faces a mountain of work./ag/gl

Publication of the original study: October 9, 2024 / 2:11 a.m. / EDT First distribution of the original study: October 9, 2024 / 2:11 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), 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.
October 7, 2024
RBC maintains Kering at 'Sector Perform' - Target 280 euros

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has maintained its rating for Kering at "Sector Perform" with a price target of €280. In his industry analysis published Tuesday, Piral Dadhania revised his list of the best investment ideas in the European luxury goods and sporting goods sector, also reflecting the recent outlook in China. He views the luxury segment more neutrally than last year due to several profit warnings, but LVMH and Watches of Switzerland remain his preferred stocks. Adidas is growing fastest in the sporting goods business./tih/ag

Publication of the original study: October 7, 2024 / 5:33 p.m. / EDT

First distribution of the original study: October 8, 2024 / 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.
September 25, 2024
RBC lowers target for Kering to 280 euros - 'Sector Perform'

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC lowered its price target for Kering from €290 to €280 ahead of the third-quarter reporting season and maintained its rating at "Sector Perform." Market expectations in the luxury goods sector already reflect subdued demand in most major markets, analyst Piral Dadhania wrote in a report released Thursday. Existing challenges, such as higher prices, have not yet been resolved. He expects only limited organic growth with stagnating margins. LVMH remains its preferred sector stock alongside Watches of Switzerland./tih/ajx

Publication of the original study: September 25, 2024 / 6:53 PM / EDT

First distribution of the original study: September 26, 2024 / 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.
September 24, 2024
JPMorgan lowers target for Kering to 265 euros - 'Neutral'

NEW YORK (dpa-AFX Analyst) - The US bank JPMorgan has lowered its price target for Kering from 285 to 265 euros, but left the rating at "neutral". In a challenging environment for luxury goods, a positive turnaround is likely to be difficult, wrote analyst Chiara Battistini in her outlook for the third-quarter figures released Wednesday, cutting her estimates./ajx/ag

Publication of the original study: September 24, 2024 / 8:21 p.m. / BST

First distribution of the original study: September 25, 2024 / 12:15 a.m. / BST

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.
September 23, 2024
Barclays lowers target for Kering to 208 euros - 'Underweight'

LONDON (dpa-AFX Analyst) - British investment bank Barclays has lowered its price target for Kering from €210 to €208 and maintained its rating at "Underweight." Analyst Carole Madjo is skeptical about the third quarter, according to her outlook on the luxury goods manufacturer's earnings release released on Monday./ajx/ag

Publication of the original study: September 23, 2024 / 5:00 a.m. / GMT

First distribution of the original study: September 23, 2024 / 5:53 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.
September 23, 2024
UBS lowers target for Kering to 227 euros - 'Neutral'

ZURICH (dpa-AFX Analyst) - Swiss bank UBS has lowered its price target for Kering from €277 to €227, but left its rating at "Neutral." A weak third quarter likely casts a question mark over the company's annual targets, wrote analyst Zuzanna Pusz in her outlook on the luxury goods group's interim report published on Tuesday./ag/gl

Publication of the original study: September 23, 2024 / 2:43 p.m. / GMT First distribution of the original study: September 23, 2024 / 2:43 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), 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.
September 23, 2024
Jefferies lowers target for Kering to 220 euros - 'Hold'

NEW YORK (dpa-AFX Analyst) - The analyst firm Jefferies lowered its price target for Kering from €230 to €220, but maintained its "Hold" rating. Third-quarter sales are likely to confirm the demand problems in the luxury sector, analyst James Grzinic wrote in his outlook on the interim report released Monday. Neither the group nor its subsidiary Gucci are likely to benefit from the low comparative figures from the previous year.

Publication of the original study: September 23, 2024 / 6:52 a.m. / ET First distribution of the original study: September 23, 2024 / 6:52 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.
September 20, 2024
Goldman lowers target for Kering to 235 euros - 'Neutral'

NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs lowered its price target for Kering from €270 to €235, 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 this 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.
September 19, 2024
Jefferies lowers target for Kering to 230 euros - 'Hold'

NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has lowered its price target for Kering from €300 to €230, but maintained its "Hold" 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.
September 9, 2024
Barclays downgrades Kering to 'Underweight' - target 210 euros

LONDON (dpa-AFX Analyst) - British investment bank Barclays has downgraded Kering from "Equal Weight" to "Underweight" and lowered its price target from €276 to €210. 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/mis

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.
September 8, 2024
RBC lowers Kering to 'Sector Perform' - target down to 290 euros

NEW YORK (dpa-AFX Analyst) - Canadian bank RBC has downgraded Kering from "Outperform" to "Sector Perform" and lowered its price target from €310 to €290. The environment for the luxury sector is gradually weakening, wrote analyst Richard Chamberlain in his commentary published on Monday. This is likely to particularly affect Gucci, which is currently undergoing a design transformation. The turnaround is therefore likely to be delayed.

Publication of the original study: September 8, 2024 / 8:25 PM / EDT. First distribution of the original study: September 9, 2024 / 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.
August 29, 2024
Bernstein maintains Kering at 'Market-Perform' - Target 297 euros

NEW YORK (dpa-AFX Analyst) - US analyst firm Bernstein Research has maintained its rating for Kering at "Market-Perform" with a price target of €297. Investors have become accustomed to the assumption that LVMH is less vulnerable to fashion cycles than most other players in the luxury segment, analyst Luca Solca wrote in a study released Thursday. This is largely correct and evident in the organic growth of the fashion and leather goods division compared to brands like Gucci or Prada. However, a comparison with Hermes is the better approach here, as it shows that LVMH is not entirely immune to such cycles./tih/gl

Publication of the original study: August 29, 2024 / 5:54 a.m. / UTC First distribution of the original study: August 29, 2024 / 5:54 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.

Price targets

Analyst ratings

UBS raises target for Kering to 251 euros - 'Neutral'

RBC maintains Kering at 'Sector Perform' - target 220 euros

Bernstein maintains Kering at 'Market Perform' - Target 180 euros

Bernstein maintains Kering at 'Market Perform' - Target 180 euros

RBC maintains Kering at 'Sector Perform' - target 220 euros

Bernstein maintains Kering at 'Market Perform' - Target 170 euros

Bernstein maintains Kering at 'Market Perform' - Target 170 euros

RBC raises target for Kering to 220 euros - 'Sector Perform'

Berenberg lowers target for Kering to 160 euros - 'Hold'

Bernstein raises target for Kering to 180 euros - 'Market Perform'

Deutsche Bank lowers target for Kering to 168 euros - 'Hold'

Bernstein maintains Kering at 'Market Perform' - Target 170 euros

JPMorgan maintains Kering's 'Underweight' rating - target 145 euros

Jefferies raises target for Kering to 195 euros - 'Hold'

RBC maintains Kering at 'Sector Perform' - Target 170 euros

JPMorgan maintains Kering's 'Underweight' rating - target 145 euros

RBC maintains Kering at 'Sector Perform' - Target 170 euros

Goldman lowers target for Kering to 162 euros - 'Sell'

Bernstein maintains Kering at 'Market Perform' - Target 170 euros

Bernstein maintains Kering at 'Market Perform' - Target 170 euros

RBC maintains Kering at 'Sector Perform' - Target 170 euros

UBS raises target for Kering to 190 euros - 'Neutral'

UBS raises target for Kering to 190 euros - 'Neutral'

Bernstein maintains Kering at 'Market Perform' - Target 170 euros

JPMorgan lowers target for Kering to 145 euros - 'Underweight'

Bernstein relists Kering with 'Market-Perform'

Jefferies maintains Kering on 'Hold' - target 170 euros

Berenberg maintains Kering on 'Hold' - target 165 euros

Bernstein maintains Kering at 'Market Perform' - Target 170 euros

JPMorgan maintains Kering's 'Underweight' rating - target 150 euros

UBS maintains Kering at 'Neutral' - Target 158 euros

Deutsche Bank Research maintains Kering's 'Hold' rating - target 177 euros

Bernstein maintains Kering at 'Market Perform' - Target 170 euros

RBC maintains Kering at 'Sector Perform' - Target 170 euros

Bernstein maintains Kering at 'Market Perform' - Target 170 euros

Bernstein maintains Kering at 'Market Perform' - Target 170 euros

RBC lowers target for Kering to 170 euros - 'Sector Perform'

Barclays lowers target for Kering to 145 euros - 'Underweight'

Berenberg lowers target for Kering to 165 euros - 'Hold'

UBS lowers target for Kering to 158 euros - 'Neutral'

Deutsche Bank Research lowers target for Kering - 'Hold'

Bernstein maintains Kering at 'Market Perform' - Target 150 euros

Goldman lowers target for Kering to 168 euros - 'Sell'

JPMorgan lowers target for Kering to 150 euros - 'Underweight'

RBC maintains Kering at 'Sector Perform' - Target 240 euros

UBS maintains Kering at 'Neutral' - target 195 euros

Goldman lowers target for Kering to 180 euros - 'Sell'

Deutsche Bank lowers Kering to 'Hold' and target to 205 euros

RBC maintains Kering at 'Sector Perform' - Target 240 euros

RBC lowers target for Kering to 240 euros - 'Sector Perform'

UBS lowers target for Kering to 195 euros - 'Neutral'

Bernstein maintains Kering at 'Market Perform' - Target 200 euros

Bernstein lowers target for Kering to 200 euros - 'Market perform'

JPMorgan maintains Kering's 'Underweight' rating - target 195 euros

Bernstein maintains Kering at 'Market Perform' - Target 250 euros

RBC maintains Kering at 'Sector Perform' - Target 260 euros

Jefferies maintains Kering on 'Hold' - target 210 euros

Bernstein maintains Kering at 'Market Perform' - Target 250 euros

Bernstein maintains Kering at 'Market Perform' - Target 250 euros

Bernstein raises target for Kering to 250 euros - 'Market Perform'

Deutsche Bank Research raises target for Kering - 'Buy'

Goldman maintains Kering's 'Sell' rating - target 205 euros

Berenberg maintains Kering on 'Hold' - target 215 euros

Jefferies maintains Kering on 'Hold' - target 210 euros

Bernstein maintains Kering at 'Market Perform' - Target 220 euros

UBS raises target for Kering to 246 euros - 'Neutral'

Goldman maintains Kering's 'Sell' rating - target 205 euros

Bernstein maintains Kering at 'Market Perform' - Target 220 euros

RBC maintains Kering's 'Sector Perform' rating after figures

JPMorgan maintains Kering's 'underweight' rating after figures

Jefferies maintains Kering on 'Hold' - target 210 euros

Jefferies maintains Kering on 'Hold' - target 210 euros

Bernstein maintains Kering at 'Market Perform' - Target 220 euros

JPMorgan maintains Kering's 'Underweight' rating - target 195 euros

UBS maintains Kering at 'Neutral' - Target 228 euros

RBC raises target for Kering to 240 euros - 'Sector Perform'

Berenberg lowers target for Kering to 215 euros - 'Hold'

RBC maintains Kering at 'Sector Perform' - Target 230 euros