HSBC analyst Anne-Laure Bismuth downgraded Kering to Hold from Buy with a price target of EUR 580, down from EUR 720. The analyst says the timing of a recovery at Gucci is still uncertain. More strategic changes are probably needed after the long Gucci underperformance virus sector peers, “with a re-set at stake,” the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on PPRUY: