Kepler Cheuvreux downgraded Hermes (HESAY) to Hold from Buy with a price target of EUR 2,900, up from EUR 2,600. The firm says it is time to “look for the most punished names” in European luxury.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HESAY:
- Hermes price target raised to EUR 2,850 from EUR 2,540 at Barclays
- Hermes downgraded to Sell from Hold at DZ Bank
- Hermes price target raised to EUR 3,000 from EUR 2,600 at Morgan Stanley
- Hermes price target raised to EUR 2,700 from EUR 2,300 at JPMorgan
- Hermes price target raised to EUR 2,950 from EUR 2,600 at Berenberg