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Fly News Breaks for January 11, 2018
IPAR
Jan 11, 2018 | 06:22 EDT
As reported earlier, DA Davidson analyst Linda Bolton Weiser upgraded Inter Parfums to Buy from Neutral and raised her price target to $51 from $46. Weiser cites the company's French unit, which accounts for over 80% of sales, boosting its FY17 revenue outlook by EUR15M on strong year-end momentum at the firm's main brands. The analyst says Inter Parfums may report an upside sales surprise with Q4 earnings on January 29th and also expects the strength in the Coach for Men brand to carry into the first half of 2018.
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