Stifel analyst Rogerio Fujimori downgraded Kering to Hold from Buy with a price target of EUR 430, down from EUR 530. The analyst says weakening luxury sector demand since September should make it harder for Gucci to deliver a “swift brand turnaround and elevation at the same time.”
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Read More on PPRUY:
- Kering upgraded to Buy from Hold at Deutsche Bank
- Kering downgraded to Neutral from Buy at Goldman Sachs
- Kering price target lowered to EUR 470 from EUR 510 at Barclays
- Kering price target lowered to EUR 435 from EUR 480 at Morgan Stanley
- Kering price target lowered to EUR 540 from EUR 555 at RBC Capital