Inter Parfums Shares Face Pressure as Analysts Adjust Outlook

Fragrance and cosmetics company Inter Parfums finds itself navigating turbulent market conditions following a series of analyst downgrades and disappointing quarterly results. The stock has entered a discernible downward trajectory, marked by notable price declines and revised projections from financial institutions.

Equity research firm Oddo BHF recently adjusted its position on Inter Parfums, reducing its price target from ?38 to ?34. While the firm maintained its “Neutral” rating on the stock, this revision contributed to an immediate 3.8% drop in the share price. This analyst action was precipitated by interim financial results indicating a softening in business volumes. Since the start of the year, the stock has declined by 13.5%.

A more optimistic counterpoint comes from Berenberg, which reaffirmed its “Buy” recommendation with... Read more...