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Morgan Stanley lifts Richemont stock to Overweight, target to CHF200
The new price target of CHF 200.00 implies that Richemont shares are trading at a price-to-earnings (P/E) ratio of 26.2x. Morgan Stanley's analysts consider this valuation to be reasonable, given ...
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Jérôme Lambert took an unlikely career step down from Richemont CEO to leading one of its 29 brands. He said he just wanted to return to ‘the job I love’
it’s clear Richemont wants him to shepherd the brand as it was back in its glory days. According to a February report by Morgan Stanley and LuxeConsult, Jaeger-LeCoultre underperformed the Swiss ...
Investing1mon
Morgan Stanley raises Richemont outlook on anticipated price hikes
Morgan Stanley expressed a bullish stance on Richemont (SIX:CFR), the parent company of luxury brands Cartier and Van Cleef & Arpels. The financial services firm anticipates that these brands ...
Jérôme Lambert: ‘The industry is less technical and in-depth, but more diverse than before’
Former Richemont CEO on the challenges and opportunities of taking the helm — for the second time — at watchmaker Jaeger-LeCoultre ...
WATCHPRO2d
Prices continue to fall on the secondary market while Swatch Group hits new watch buyers with a 10% hike
Prices for luxury watches on the secondary market have extended their losing streak to three full years, according to the latest quarterly update from Morgan Stanley and Watcharts. The report ...