(News Bulletin 247) – UBS confirms its advice to buy the stock and raises its price target to E2003 (instead of E1782) after the announcement of the 2022 results.
‘The exceptional results and price forecasts point to a further rise,’ said UBS.
‘We are 11%/8%/6% above EPS consensus in 2023/24/25E,’ the analysts said.
It should be remembered that Hermès International has unveiled net income group share up 38% to 3.37 billion euros for 2022, and current operating income of 4.7 billion, or 40.5% of sales against a margin of 39.3% the previous year.
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