UBS Lowers Kering Stock Rating Due to Delayed Gucci Recovery
Thursday, 25 July 2024, 07:43
UBS Downgrades Kering Stock
UBS has taken a step back regarding Kering's stock, downgrading its rating amid concerns about Gucci's recovery.
Key Insights
- Gucci's performance is not meeting market expectations.
- UBS cites a prolonged timeline for recovery.
- Investors are advised to approach with caution as the luxury market faces continued pressures.
Given these points, Kering investors may need to reevaluate their strategies in light of B UBS's downgrade, weighing potential risks against long-term prospects.
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