Richemont Set for Fatter Profits -- Market Talk

Dow Jones12-01

0805 GMT - Richemont can aim for an earnings boost ahead from higher prices and strong sales, Deutsche Bank analysts write in a note, upgrading their rating on the Swiss luxury group's stock to buy from hold. The Cartier owner booked a sharp increase in sales for its most recent quarter, shrugging off lingering drags on the luxury-goods industry. The group's profit margins have been weighed down by currency effects, trade tariffs and high gold prices, but "there is more hope for mitigation via pricing and sales leverage than we previously expected," Deutsche says. The German bank raises its target price on the stock to 195 Swiss francs from 180 francs. (joshua.kirby@wsj.com; @joshualeokirby)

 

(END) Dow Jones Newswires

December 01, 2025 03:05 ET (08:05 GMT)

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