Bernstein: Herms' fourth quarter revenue growth may not accelerate

Analysts at Bernstein wrote that sales growth for Herms in the last quarter of the year may not accelerate, citing high comparison base and challenges in the perfume department. After adjusting for currency effects, the French luxury fashion company reported a 9.6% increase in revenue in the third quarter. The brokerage firm stated, "The average expectation for 2025 is growth of 8.5%, and it seems that these unfavorable factors have already been taken into consideration." The firm maintains its "outperform" rating on this Paris-listed stock with a target price of 2,650 euros.