This Tuesday morning, Berenberg is adjusting its price targets in the luxury sector.
Analyst recommendations: Kering, LVMH, Pernod Ricard, Essilor | Photo credits: ROMUALD MEIGNEUX/SIPA
Remy Cointreau : Kepler Chevreux downgrades from “hold” to “lighten” and lowers its target price from 199 to 165 euros.
Kering : Berenberg sets a new price target at 610 euros, against 900 previously. On LVMH also, the office is now aiming for 710 euros, against 840 previously. The firm is maintaining its buy advice on both stocks.
EssilorLuxottica : Berenberg, again, lowers its target price from 195 to 185 euros.
Pernod Ricard : Morgan Stanley raises its target price from 207 to 212 euros.
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