Kering SA
KER: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€184.00 | Jbvcdw | Hkndqrmd |
Kering: We See Weak Brand Performance as Transitory Due to Economic and Fashion Cycle; Shares Cheap
We are reducing our fair value estimate for narrow-moat Kering to EUR 600 from EUR 650 as we adjust our near-term forecast to incorporate more pressure on the company’s brand revenue and margins after weak third-quarter sales numbers.