RBC Capital: Raised Li & Fung Group's target price to 220 Swiss francs, rating upgraded to "outperform"

RBC Capital has raised the rating of Swiss luxury goods group Richemont from "in line with the market" to "outperform the market", and increased the target price from 200 Swiss francs to 220 Swiss francs, citing demand for jewelry exceeding expectations, gradual recovery in watch business, and potential acceleration in profit growth.