H&M: Barclays confident ahead of results

(CercleFinance.com) – Barclays reaffirms its ‘overweight’ advice and its price target of 200 Swedish crowns on H&M, showing its confidence as the publication of the ready-to-wear chain’s third quarter results approaches accountant, September 27.

‘We expect these results to be more resilient than recent weak sales growth would suggest, while merchandise inventory will also likely decline further,’ the broker predicts.

Barclays considers that negative news flow is already largely priced into current share price levels. However, it indicates that it is slightly lowering its EPS assumptions for the Swedish group.

Copyright © 2023 CercleFinance.com. All rights reserved.
The information and analyzes distributed by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.

Did you like this article ? Share it with your friends using the buttons below.




Source link -85