(CercleFinance.com) – The stock rose nearly 1%, benefiting from the positive analysis of the day from Barclays.
Barclays reaffirms its ‘overweight’ recommendation and its target price of 142 Swiss francs on Richemont, in view of the point of activity of the Swiss luxury house for its first accounting quarter.
The broker says it expects a ‘solid’ quarter with turnover of 5.2 billion euros and organic growth of 10% (including an increase of 11% for jewelry houses) despite the weakness of China.
According to Barclays, the market’s attention during this briefing will focus on the evolution of consumer sentiment in the United States and the dynamics of reopening in China.
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