Richemont Shares Regain Ground After 10% Drop on Q1 Results
Richemont shares fell more than 10 percent on Monday after the company failed to hit sales projections in APAC and saw U.S. sales shrink in Q1.
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Richemont shares fell more than 10 percent on Monday after the company failed to hit sales projections in APAC and saw U.S. sales shrink in Q1.
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Bernstein analyst Luca Solca maintains his Neutral opinion on the stock. The target price is unchanged and still at CHF 152.
Richemont posted a 19% rise in organic sales which exclude the impact of currency movements while analysts expected 20%, Bernstein analyst Luca Solca noted.