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In Paris, after LVMH, it’s Kering’s turn to take off on the stock market

In Paris, after LVMH, it’s Kering’s turn to take off on the stock market

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After the market capitalization record set on Monday by the French luxury goods giant LVMH, Kering in turn recovered on Wednesday. The Paris market continues to keep its head above water, and Groupama Asset Management remains confident about its objectives.

 

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The Kering group is recovering, with a share price target of 605 to 675 euros, due in particular to the recent revaluation of peer valuation multiples for the French luxury group.

 

Credit Suisse continues to view Kering as one of the most attractive luxury stocks over the long term, given the strength of its brand portfolio and its size advantage, also judging its Gucci brand to be “better equipped to avoid the missteps of the past“.

 

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Featured photo: © Sculpture Track, Balenciaga

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