Credit Suisse Upgrades Hennes & Mauritz AB to “Outperform” (HM-B)
Hennes & Mauritz AB (STO:HM-B) was upgraded by analysts at Credit Suisse from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Friday, Stock Ratings Network reports. The firm currently has a €315.00 ($425.68) target price on the stock, up from their previous target price of €240.00 ($324.32).
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. raised their price target on shares of Hennes & Mauritz AB (STO:HM-B) from €220.00 ($297.30) to €280.00 ($378.38) in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at Cantor Fitzgerald upgraded shares of Hennes & Mauritz AB (STO:HM-B) from a “sell” rating to a “hold” rating in a research note to investors on Friday. They now have a €270.00 ($364.86) price target on the stock, up previously from €200.00 ($270.27). Finally, analysts at Barclays Capital raised their price target on shares of Hennes & Mauritz AB (STO:HM-B) from €290.00 ($391.89) to €315.00 ($425.68) in a research note to investors on Friday. They now have an “overweight” rating on the stock. Four analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Hennes & Mauritz AB presently has an average rating of “Hold” and a consensus target price of €266.69 ($360.40).
H & M Hennes & Mauritz AB is a Sweden-based company active in the clothing industry. It operates under such brand names, as H&M, H&M Home, COS, Monki, Weekday, Cheap Monday and & Other Stories.
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