(News Bulletin 247) – Deutsche Bank announced on Tuesday that it had lowered its price target for L’Oréal, which it lowered from 425 to 380 euros because of the “numerous pressures” which, according to him, are exerted on the giant. cosmetics.
In its research note, the financial intermediary – which maintains its ‘hold’ recommendation on the stock – says it is particularly concerned about the figures for imports of beauty products in China.
From the analyst’s point of view, these data point to a less sustained level of structural growth than initially expected for the country’s main importers.
DB points out, more specifically, that stocks remain abnormally high in the tourist-rich island province of Hainan.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
