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Fly News Breaks for March 5, 2019
IPAR
Mar 5, 2019 | 08:18 EDT
Raymond James analyst Joseph Altobello raised his price target for Inter Parfums to $82 from $68 following a "strong" 2018 and an upward revision to 2019 guidance. Even after its recent outperformance, the analyst believes the stock does not fully reflect the company's ample growth opportunities from both new and existing fragrance licenses and its "very healthy" balance sheet. Altobello reiterates an Outperform rating on the shares.
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