B. Riley analyst Linda Bolton Weiser upgraded Inter Parfums to Buy citing the "strong" Q2 sales report and the stock's 9% decline since her downgrade on April 18. The analyst raised her price target for the shares to $36 from $34.
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CEO Jean Madar says: "We are confident in our dynamic market positioning and remain optimistic about our ability to continue to gain market share within this growing market; as such, we are reaffirming our 2024 net sales guidance of $1.45B."