(CercleFinance.com) – Berenberg initiated monitoring of Interparfums on Tuesday with a purchase recommendation and a price target of 62 euros, highlighting an upside potential of around 25%.
In his research note, the analyst welcomes the specialization (‘pure-play’) carried out by the manufacturer of prestige perfumes, expected, according to him, to benefit from the ‘golden age’ that the sector is currently experiencing.
‘All signals are pointing in the direction of a significant expansion of its offering in the medium term, knowing that Interparfums has so far been able to do better than its market,’ underlines the German financial intermediary in the study.
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