Hermès Gets Rare Sell Calls as Goldman, UBS See Weaker Growth

🇫🇷 Bloomberg (FR) —

AI Summary

Hermès has received rare sell ratings from analysts at Goldman Sachs and UBS, who expect weaker growth for the luxury goods company. The calls mark its first sell ratings in more than a year and question the durability of its recent strong performance.

Hermès International SCA was hit with its first sell ratings in more than a year, as analysts at Goldman Sachs Group Inc. and UBS Group AG warned the Birkin-maker’s era of impressive growth is coming to an end.

Markets Hermès luxury goods sell ratings Goldman Sachs UBS growth outlook equities

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