Hennes & Mauritz AB Rating Increased to Hold at Cantor Fitzgerald (HM-B)
Hennes & Mauritz AB (STO:HM-B) was upgraded by stock analysts at Cantor Fitzgerald from a “sell” rating to a “hold” rating in a report issued on Friday, American Banking and Market News reports. The firm currently has a €270.00 ($364.86) price target on the stock, up from their previous price target of €200.00 ($270.27).
Other equities research analysts have also recently issued reports about the stock. 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. Analysts at AlphaValue downgraded shares of Hennes & Mauritz AB (STO:HM-B) to a “reduce” rating in a research note to investors on Tuesday, July 9th. They now have a SEK 225 price target on the stock. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Hennes & Mauritz AB presently has a consensus 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.