(News Bulletin 247) – The analyst indicates that Richemont brands will increase their prices by 10% worldwide.
“The potential confirmation of further price increases should be a catalyst for the stock. Richemont remains our favorite value’ indicates UBS.
The analysis office confirms its advice to purchase and its objective of 175 Swiss francs.
“We have learned of the widely anticipated price increases at Cartier and VCA, which are due to take place next week. We see more scope for upside estimates,” adds UBS.
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