Information Provided By:
Fly News Breaks for July 13, 2018
IPAR
Jul 13, 2018 | 08:19 EDT
DA Davidson analyst Linda Bolton Weiser raised her price target on Inter Parfums to $62 and kept her Buy rating, saying her meetings with its CFO Russ Greenberg are giving her more confidence in the company's long-term growth prospects. The analyst cites the sales growth of the Coach brand and the company's impending announcement of an e-commerce strategy, which would boost its expansion potential into other areas like cosmetics over the long run. Weiser adds that the " major launches for Montblanc and Jimmy Choo planned for 2019", along with a full year of GUESS brand sales, should result in FY19 revenue growth rate that could top the 9% consensus.
News For IPAR From the Last 2 Days
There are no results for your query IPAR