TD Cowen analyst Oliver Chen lowered the firm’s price target on LuxExperience (LUXE) to $8 from $12 and keeps a Buy rating on the shares. The firm updated its model following Q3 results which showed continued strength at Mytheresa, with sales +9.9% in 3Q, driven by +18.6% top customer growth and +12.5% AOV, reflecting success in driving full-price, high-value demand.
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