HSBC last night downgraded Kering (PPRUY) to Hold from Buy with a price target of EUR 370, up from EUR 355. The firm cites valuation for the downgrade with the shares doubling since the new CEO announcement. HSBC sees limited further upside over the next three months.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% 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>>
Read More on PPRUY: