Barclays analyst Viktoria Petrova upgraded Kering (PPRUY) to Equal Weight from Underweight with a price target of EUR 300, up from EUR 255. The firm, which transferred coverage to a new analyst, expects the luxury sector to grow about 3% in 2026 and then stabilize at about 4%, likes stocks that can deliver above-market growth through self-help.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PPRUY:
- Kering downgraded to Hold from Buy at HSBC
- Gucci May Launch Luxury Smart Glasses with Google in 2027, Says CEO
- Kering downgraded to Equal Weight from Overweight at Morgan Stanley
- Kering price target raised to EUR 300 from EUR 275 at TD Cowen
- Kering upgraded to Neutral from Sell at Rothschild & Co Redburn
