Kering SA Stock Price Rises Following HSBC Recommendation
Kering SA, a leading fashion company, has seen its stock price increase following a positive recommendation from HSBC. The bank upgraded its rating for Kering and its rival LVMH to “buy” from “hold”, citing a potential turnaround in Chinese consumer spending.
Market Context
The overall European market has been weak, with the DAX index falling by 2.3% due to concerns over inflation and interest rates. However, Kering’s stock price has risen despite this broader market trend.
Stock Price and Analyst Predictions
Kering’s stock price has increased, with some analysts predicting a higher value in the future. The predicted average price of Kering’s stock is around 180 euros, according to analyst estimates.
Key Statistics
- Kering SA stock price: increased following HSBC recommendation
- DAX index: fell by 2.3% due to concerns over inflation and interest rates
- Predicted average price of Kering’s stock: around 180 euros