Interparfums: 'top pick' at Berenberg, which reiterates its buy rating
(CercleFinance.com) - On Tuesday, Berenberg reiterated its buy recommendation and 52-euro price target for Interparfums shares, which it ranks as one of its "top picks" in the household and personal care products sector.
After a "generally positive" fourth-quarter update, the analyst indicates that his opinion on the perfume specialist remains favorable in view of the new products that should support growth in 2025.
While 2024 was marked by the integration of the Lacoste license, but few launches among the group's main franchises, 2025 promises to be rich in releases for Coach and Jimmy Choo, as well as for flagship brands such as Karl Lagerfeld and Rochas, the intermediary points out.
Thanks to this, and to the Group's strong exposure to the United States, we consider the stock to be a 'top pick'," emphasizes Berenberg in a note.
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