RBC Capital initiated coverage of Hermes (HESAY) with an Outperform rating and EUR 2,600 price target In a tough luxury demand environment, Hermes’ defensive profile is relatively more attractive, the analyst tells investors in a research note.
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Read More on HESAY:
- Hermes price target lowered to EUR 2,800 from EUR 2,950 at Berenberg
- Hermes price target lowered to EUR 2,650 from EUR 2,700 at JPMorgan
- Hermes reports Q1 revenue EUR 4.1B, up 9% from last year
- Hermes upgraded to Buy from Hold at Deutsche Bank
- Hermes price target raised to EUR 2,461 from EUR 2,165 at Citi
