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French luxury giant Hermes posted on Friday record annual sales and net profit, with plans to reward all employees worldwide with a bonus following strong growth in every region last year. The group said its 22,000 employees worldwide would get a 4,000-euro bonus early this year as part of "its policy of sharing the fruits of growth with all those who contribute to it on a daily basis".
Bernstein analyst Luca Solca maintains his Neutral opinion on the stock. The target price remains set at EUR 436.
Geneva (AFP) Feb 5, 2024 - Vegetal leather and recycled stainless steel melted in a solar oven are among the materials a Geneva watch brand is using in its quest to make sustainable luxury timepieces.
In a research note published by Luca Solca, Bernstein advises its customers to buy the stock. The target price is unchanged and still at EUR 849.
In his latest research note, analyst Luca Solca confirms his recommendation. The broker Bernstein is keeping its Neutral rating. The target price remains unchanged at EUR 436.