Institution: LIFUNG Group's strong year-end sales are expected to boost the outlook for the luxury goods industry.

Jefferies analysts wrote that if Richemont Group had a strong performance at the end of last year, it would be a good sign for this Swiss luxury conglomerate's industry peers. The parent company of jewelers Cartier and Van Cleef & Arpels will announce sales data for the third fiscal quarter ending in December on Thursday. Jefferies stated, "Signs of strong data being released by the group are positive," despite a high comparison base; the bank pointed out encouraging signs among luxury consumers in the United States and elsewhere. The investment bank gave a buy rating to Richemont Group stock, with a target price of 190 Swiss francs.