BWS Financial analyst Hamed Khorsand raised the firm’s price target on Inter Parfums to $172 from $150 and keeps a Buy rating on the shares. The analyst says Inter disclosing the sales benefit from the Lacoste license was the most notable item from its Q4 earnings call. The addition of Lacoste to the company’s fragrance license portfolio diversifies its sales stream while adding a high caliber brand, the analyst tells investors in a research note.
Published first on TheFly
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- Inter Parfums price target raised to $158 from $126 at DA Davidson
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- 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
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