(Boursier.com) — In a hesitant market at the start of the session, Interparfums lost 0.6% to 51.8 euros. Stifel initiated monitoring of the value with a ‘buy’ rating and a target of 62 euros. Despite its small size and the concentration of its portfolio compared to its main competitors, Interparfums has outperformed its sector in terms of growth and operating margin. The broker expects this trend to continue over the coming years based on several catalysts justifying its valuation. Earnings growth is expected to accelerate in fiscal 2025, paving the way for positive momentum in a few months.
Thanks to the recently acquired Lacoste license, the group has the means to maintain a high growth rate and to further diversify its portfolio – a significant positive catalyst, according to the broker.
©2024 Boursier.com