(Boursier.com) — Hermes rises 0.6% to 2,296 euros this Thursday, while Bernstein remains at ‘market performance’ on the group, with a target adjusted to 2,413 euros, while Goldman Sachs is ‘neutral’ with a target of 2,303 euros. HSBC had already revalued the stock to 2,250 euros, while remaining ‘hold’, while Stifel reiterated its ‘hold’ opinion and its target of 2,100 euros. The valuation premium is supported by a superior and reliable double-digit growth profile, structurally strong profitability and high entry barriers, the analyst believes.
For its part, Oddo BHF raised its target to 2,249 euros while remaining ‘neutral’. Growth in Q1 should remain at double digits in most areas, driven by the price increase at the start of the year, estimates the broker. The performance of the stock since the start of the year remains flattering and the expectations reflected by the consensus both in terms of growth and profitability appear optimistic: for these reasons, the broker maintains a certain caution on the stock, even if the fundamentals of the brand distinguishes it favorably from the rest of the sector…
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