Interparfums price target lowered to $125 from $150 at Jefferies

Jefferies lowered the firm’s price target on Interparfums (IPAR) to $125 from $150 and keeps a Buy rating on the shares. Alternative data and early reports suggest a sequential improvement for the beauty industry in Q3, says the analyst, who expects companies in the group to issue “conservative” outlooks given the degree of caution around consumer behavior.