Piper Sandler analyst Korinne Wolfmeyer raised the firm’s price target on Inter Parfums to $160 from $130 and keeps an Overweight rating on the shares. The analyst continues to be a buyer the stock following the company’s Q4 results. The firm believes Inter Parfums is well positioned to continue gaining share in a market that’s seeing attractive growth.
Published first on TheFly
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Read More on IPAR:
- Inter Parfums board raises annual cash dividend rate 25% to $2.50 per share
- Inter Parfums raises FY23 EPS view to $4.00, consensus $3.74
- Inter Parfums reports Q4 EPS 52c, consensus 29c
- Inter Parfums price target raised to $150 from $125 at BWS Financial
- Inter Parfums price target raised to $104 from $96 at Jefferies
