Analyst Rogerio Fujimori of Stifel Nicolaus maintained a Hold rating on Kering SA (0IIH – Research Report), with a price target of €215.00.
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Rogerio Fujimori has given his Hold rating due to a combination of factors impacting Kering SA’s performance. The company experienced a challenging start to 2025, with a notable decline in sales, particularly in its flagship Gucci brand, which saw a 25% drop in comparable sales. This underperformance, coupled with broader market uncertainties and unfavorable foreign exchange movements, has pressured Kering’s profitability and market expectations.
Despite these challenges, Kering’s management remains optimistic about reducing the company’s debt levels and maintaining financial stability. However, the persistent weak sales trends and the anticipated decline in EBIT margins for the first half of 2025 contribute to a cautious outlook. The Hold rating reflects the balance between these negative factors and the company’s efforts to manage costs and improve its financial position in the latter half of the year.
In another report released today, Berenberg Bank also maintained a Hold rating on the stock with a €165.00 price target.