Hermès: UBS lowers its target before quarterly results

(CercleFinance.com) – UBS confirms its buy recommendation on the stock but lowers its price target to €2,390 (instead of €2,549). This new target represents a potential increase of 24% for the stock.

‘The third quarter should confirm Hermès’ unique defensive business model, solid brand momentum and the potential for higher average pricing than peers in 2025, even if it is not fully insulated from the slowdown in the Chinese economy,’ UBS said in its report today.

“In the medium term, despite economic, geopolitical and monetary uncertainties in the world, the group has confirmed an ambitious objective of increasing turnover at constant rates,” management indicated.

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