Latest news with #JamesGrzinic


Business Insider
14-07-2025
- Business
- Business Insider
Hermes International (HESAF) was downgraded to a Hold Rating at Jefferies
Jefferies analyst James Grzinic downgraded Hermes International to a Hold today and set a price target of €2,460.00. The company's shares closed last Friday at $2,863.90. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Grzinic covers the Consumer Cyclical sector, focusing on stocks such as Compagnie Financiere Richemont SA, Hermes International, and Ferrari. According to TipRanks, Grzinic has an average return of 3.9% and a 56.82% success rate on recommended stocks. Hermes International has an analyst consensus of Moderate Buy, with a price target consensus of $3,103.90.


Fashion Network
26-06-2025
- Business
- Fashion Network
Burberry gains as brokers raise targets ahead of Q1 results
Burberry shares rose on Wednesday as brokerages turned relatively upbeat on the British luxury brand before its first-quarter trading statement on July 18. Jefferies and HSBC both raised their target prices for the company's shares before the results. 'Q1 sales should confirm the brand's newfound (relative) resilience,' Jefferies equity analyst James Grzinic said in a note. Barclays said it expects retail comp sales to be down 4% in the first quarter of the 2026 financial year, improving slightly versus the fourth quarter of 2025, driven by 'easier comps and gradual brand heat improvement.' By 10:30 a.m. GMT, Burberry shares were up 5.7% at 10.71 pounds. Shares are up 9.6% this year, compared to a 5.5% fall for the STOXX Europe Luxury 10. © Thomson Reuters 2025 All rights reserved.


Fashion Network
25-06-2025
- Business
- Fashion Network
Burberry gains as brokers raise targets ahead of Q1 results
Burberry shares rose on Wednesday as brokerages turned relatively upbeat on the British luxury brand before its first-quarter trading statement on July 18. Jefferies and HSBC both raised their target prices for the company's shares before the results. 'Q1 sales should confirm the brand's newfound (relative) resilience,' Jefferies equity analyst James Grzinic said in a note. Barclays said it expects retail comp sales to be down 4% in the first quarter of the 2026 financial year, improving slightly versus the fourth quarter of 2025, driven by 'easier comps and gradual brand heat improvement.' © Thomson Reuters 2025 All rights reserved.


Fashion Network
25-06-2025
- Business
- Fashion Network
Burberry gains as brokers raise targets ahead of Q1 results
Burberry shares rose on Wednesday as brokerages turned relatively upbeat on the British luxury brand before its first-quarter trading statement on July 18. Jefferies and HSBC both raised their target prices for the company's shares before the results. 'Q1 sales should confirm the brand's newfound (relative) resilience,' Jefferies equity analyst James Grzinic said in a note. Barclays said it expects retail comp sales to be down 4% in the first quarter of the 2026 financial year, improving slightly versus the fourth quarter of 2025, driven by 'easier comps and gradual brand heat improvement.' © Thomson Reuters 2025 All rights reserved.


Fashion Network
25-06-2025
- Business
- Fashion Network
Burberry gains as brokers raise targets ahead of Q1 results
Burberry shares rose on Wednesday as brokerages turned relatively upbeat on the British luxury brand before its first-quarter trading statement on July 18. Jefferies and HSBC both raised their target prices for the company's shares before the results. 'Q1 sales should confirm the brand's newfound (relative) resilience,' Jefferies equity analyst James Grzinic said in a note. Barclays said it expects retail comp sales to be down 4% in the first quarter of the 2026 financial year, improving slightly versus the fourth quarter of 2025, driven by 'easier comps and gradual brand heat improvement.' By 10:30 a.m. GMT, Burberry shares were up 5.7% at 10.71 pounds. Shares are up 9.6% this year, compared to a 5.5% fall for the STOXX Europe Luxury 10. © Thomson Reuters 2025 All rights reserved.