KERING (OTCMKTS:PPRUY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage presently has a $52.00 price target on the stock. Zacks Investment Research‘s price target suggests a potential upside of 12.07% from the stock’s current price.

According to Zacks, “Kering is involved in the design, manufacture and distribution of apparel and accessories. It operates through two segments: Luxury segment and Sport and Lifestyle segment. The company’s product include handbags, small leather goods, luggage, shoes, men and women’s ready-to-wear, silks, watches, fine jewellery, eyewear, lingerie, fragrances and cosmetics, furniture, kids wear, T-shirts, track jackets, bags, board shorts, polo shirts, denim, swim, outerwear, and sandals; footwear; sunglasses, snow goggles, backpacks, luggage, and accessories. Its brand name consists of Puma, Volcom, Cobra, Electric, Tretorn, Gucci, Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, Qeelin, Stella McCartney, Sergio Rossi, Boucheron, Girard-Perregaux, and JeanRichard. Kering is headquartered in Paris, France. “

Separately, UBS Group reiterated a “buy” rating on shares of KERING in a research note on Friday, October 6th.

Shares of KERING (PPRUY) traded down $0.53 during mid-day trading on Thursday, reaching $46.40. 13,196 shares of the company’s stock were exchanged, compared to its average volume of 65,550. KERING has a 1 year low of $21.99 and a 1 year high of $47.32.

COPYRIGHT VIOLATION WARNING: “KERING (PPRUY) Lifted to Buy at Zacks Investment Research” was first published by American Banking News and is owned by of American Banking News. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/23/kering-ppruy-lifted-to-buy-at-zacks-investment-research.html.

About KERING

Kering société anonyme, through its subsidiaries, designs, manufactures, and distributes apparel and accessories worldwide. The company offers leather goods, jewelry, and watches under Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Boucheron, Dodo, Girard-Perregaux, Pomellato, Qeelin, and Ulysse Nardin brand names.

Get a free copy of the Zacks research report on KERING (PPRUY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for KERING Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KERING and related companies with MarketBeat.com's FREE daily email newsletter.