(CercleFinance.com) – Kering lost nearly 1.7% in Paris, while UBS today confirmed its neutral advice on the value with a price target lowered to 446 E (instead of 511 E) before publication results for the 3rd quarter of 2023.
‘We see long-term value in Kering’s brand portfolio; however, the recovery movement could be longer and more costly in the current context of slowdown in the luxury sector’ indicates UBS.
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