Kering SA
KER: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€663.00 | Tlwszmk | Rptrcpbps |
Kering's Performance Hit by China Lockdowns and Gucci Weakness; Shares Fairly Valued
We maintain our EUR 620 fair value estimate for narrow-moat Kering after the company delivered a rather weak set of fourth-quarter results hindered by lockdowns in China and weak Gucci performance. We view shares as fairly valued at the moment.