Inter Parfums price target raised to $191 from $187 at DA Davidson

DA Davidson analyst Linda Bolton Weiser raised the firm’s price target on Inter Parfums to $191 from $187 and keeps a Buy rating on the shares. The analyst cites the company’s Q3 earnings beat and guidance raise, though the firm is also reducing its FY24 EPS view by 10c to $4.95 to be conservative ahead of upcoming guidance issuance. While the management is likely to guide to lower growth rates in 2024, it should be another great year, the firm tells investors in a research note.