Hermes a Defensive Trade to Counter Luxury Slowdown, Exane Says

Bloomberg09-17

(Bloomberg) -- Hermes International is a way for investors to shield themselves from a short-term downturn in the luxury-goods sector, according to BNP Paribas Exane analysts, who upgraded the Birkin ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2468954331?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/JfXI_7c2eNnZS7t7gS5E1Q--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/bloomberg_markets_842/cdb361c0ca135fd5cca855ed017b33ed","is_english":true,"pubTime":"2024-09-17 16:52","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2468954331","market":"us","top_or_hot":-1,"title":"Hermes a Defensive Trade to Counter Luxury Slowdown, Exane Says","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Hermes International is a way for investors to shield themselves from a short-term downturn in the luxury-goods sector, according to BNP Paribas Exane analysts, who upgraded the Birkin ...</p>\n\n<a href=\"https://finance.yahoo.com/news/hermes-defensive-trade-counter-luxury-085200199.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hermes a Defensive Trade to Counter Luxury Slowdown, Exane Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHermes a Defensive Trade to Counter Luxury Slowdown, Exane Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-17 16:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/hermes-defensive-trade-counter-luxury-085200199.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Hermes International is a way for investors to shield themselves from a short-term downturn in the luxury-goods sector, according to BNP Paribas Exane analysts, who upgraded the Birkin ...</p>\n\n<a href=\"https://finance.yahoo.com/news/hermes-defensive-trade-counter-luxury-085200199.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HESAY","symbol_name":"Hermes International SA","start_time":0,"source_url":"https://finance.yahoo.com/news/hermes-defensive-trade-counter-luxury-085200199.html","article_id":"2468954331","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/JfXI_7c2eNnZS7t7gS5E1Q--~B/aD02NzU7dz0xMjAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/bloomberg_markets_842/cdb361c0ca135fd5cca855ed017b33ed"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468954331","pubTimestamp":1726563120,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":" -- Hermes International is a way for investors to shield themselves from a short-term downturn in the luxury-goods sector, according to BNP Paribas Exane analysts, who upgraded the Birkin bag maker to outperform for the first time.Against a tough industry backdrop, “Hermes should continue to deliver significantly above-average top-line growth for longer, thanks to the defensiveness and visibility of its business model,” analysts including Antoine Belge and Melania Grippo wrote in a note.Luxury stocks including LVMH, Gucci owner Kering SA and Burberry Group Plc have slid this year on concern about fading demand, partly linked to China’s economic slowdown.By contrast, Hermes has held steady as its leather-goods unit benefits from long waiting lists and price increases, according to Exane, which has had a neutral rating since 2018. The shares rose as much as 1.5% in early trading.Read: European Luxury Shares’ $240 Billion Rout Is Just the Beginning. Exane also cut earnings estimates and ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HESAY":"Hermes International SA","HESAF":"Hermes International SA","BK4202":"服装、服饰与奢侈品"},"translate_title":"Exane表示，爱马仕是应对奢侈品行业放缓的防御性交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HESAF":0.9,"HESAY":0.9},"content_text":"(Bloomberg) -- Hermes International is a way for investors to shield themselves from a short-term downturn in the luxury-goods sector, according to BNP Paribas Exane analysts, who upgraded the Birkin bag maker to outperform for the first time.\nAgainst a tough industry backdrop, “Hermes should continue to deliver significantly above-average top-line growth for longer, thanks to the defensiveness and visibility of its business model,” analysts including Antoine Belge and Melania Grippo wrote in a note.\nLuxury stocks including LVMH, Gucci owner Kering SA and Burberry Group Plc have slid this year on concern about fading demand, partly linked to China’s economic slowdown.\nBy contrast, Hermes has held steady as its leather-goods unit benefits from long waiting lists and price increases, according to Exane, which has had a neutral rating since 2018. The shares rose as much as 1.5% in early trading.\nRead: European Luxury Shares’ $240 Billion Rout Is Just the Beginning\nExane also cut earnings estimates and price targets for most other luxury stocks under its coverage, noting the sector faces “short-term pain.” \nSwatch Group AG was downgraded to underperform from neutral, sending the Swiss watchmaker’s shares down as much as 0.9% on Tuesday.\n©2024 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2468954331"}