In a research note titled "Slowing Europe Recipe for Funky Smell," BWS Financial analyst Hamed Khorsand downgraded Inter Parfums to Hold and lowered his price target for the shares to $65 from $75. A slowing European economy could have deeper consequences for Inter Parfums in 2019 than current estimates suggest, Khorsand writes to investors. He points out that the company generates approximately 78% of its sales from prestige brands in Europe. The analyst cites the weaker euro, along with concerns about the European consumer's continuing ability to purchase fragrances, for his downgrade to Hold.

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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."