CLSA initiated coverage of Kering with an Outperform rating and EUR 530 price target. Although 2023 should be a transition year for Gucci, Kering’s valuation discount versus the industry has already reached a historical low, 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 Insiders’ Hot Stocks on TipRanks >>
Read More on PPRUY: