UBS lowered the firm’s price target on Hermes (HESAY) to EUR 2,975 from EUR 3,205 and keeps a Buy rating on the shares as part of a Q1 preview. The firm expects a “healthy start” to 2025. In periods of increased uncertainty Hermes stands out in the sector offering investors “one of the most resilient supply-driven growth profiles due to demand for its leather goods exceeding supply,” the analyst tells investors in a research note.
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