(CercleFinance.com) – Going against the trend in Paris, L’Oréal advances 1% on the back of favorable comments from Barclays which reaffirms its ‘overweight’ recommendation with a price target raised from 423 to 431 euros on the title of world number one in cosmetics.
‘The acceleration in other countries has more than offset the slowdown in luxury in China in recent quarters, leaving growth based on a broader base and of better quality,’ highlights the broker.
Furthermore, if it lowers its price target from 480 to 450 euros, Stifel also reaffirms its ‘buy’ recommendation on L’Oréal, pointing out ‘the strength of the portfolio and its diversification into beauty’ in view of the latest price point. quarterly activity.