NEW YORK (dpa-AFX Broker) – The US bank JPMorgan has raised the price target for Richemont from 150 to 175 francs based on sales figures for the third quarter and left the rating at “Overweight”. The luxury goods group started the year 2025 with a bang, wrote analyst Chiara Battistini in her commentary on Friday. He presented meteoric figures, especially in the jewelry division. The expert adjusted her estimates accordingly and also took into account the higher expectations for the current quarter and the stronger margin prospects. In their opinion, Richemont will continue to be one of the winners in the sector./la/ag
Publication of the original study: January 16, 2025 / 7:23 p.m. / GMT First time distribution of the original study: January 17, 2025 / 12:15 a.m. / GMT
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