RICHEMONT : Stifel raises its target price
Stronger-than-expected growth in the American and European cohorts enabled Richemont to offset a difficult quarter for the Chinese cluster", the broker points out after the publication of its annual results.
Stifel also points out that good control of its operating expenses by the Swiss group in the second half of its 2024 financial year mitigated significant currency headwinds on its margins.
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