Reported 22 days ago
Analysts from BNP Paribas Exane have upgraded Hermes International, suggesting it serves as a defensive option for investors against the downturn in the luxury goods sector. Despite a decrease in demand for luxury brands like LVMH and Burberry due to economic concerns, Hermes's stability through its strong leather goods segment and consistent growth is highlighted as a promising factor. Exane emphasizes that Hermes is expected to deliver above-average growth even during challenging times.
Source: YAHOO