KERING S A/ADR (OTCMKTS:PPRUY) Downgraded by Zacks Investment Research to “Sell”
According to Zacks, “Kering is involved in the design, manufacture and distribution of apparel and accessories. It operates through two segments: Luxury segment and Sport and Lifestyle segment. The company’s product include handbags, small leather goods, luggage, shoes, men and women’s ready-to-wear, silks, watches, fine jewellery, eyewear, lingerie, fragrances and cosmetics, furniture, kids wear, T-shirts, track jackets, bags, board shorts, polo shirts, denim, swim, outerwear, and sandals; footwear; sunglasses, snow goggles, backpacks, luggage, and accessories. Its brand name consists of Puma, Volcom, Cobra, Electric, Tretorn, Gucci, Bottega Veneta, Yves Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, Qeelin, Stella McCartney, Sergio Rossi, Boucheron, Girard-Perregaux, and JeanRichard. Kering is headquartered in Paris, France. “
Other research analysts have also recently issued reports about the company. Deutsche Bank reissued a hold rating on shares of KERING S A/ADR in a research note on Thursday, March 12th. Sanford C. Bernstein cut KERING S A/ADR from an outperform rating to a market perform rating in a research report on Wednesday, January 8th. Finally, ValuEngine raised KERING S A/ADR from a strong sell rating to a sell rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. KERING S A/ADR currently has a consensus rating of Hold and an average price target of $74.00.
About KERING S A/ADR
Kering SA develops, designs, manufactures, markets, and sells apparel and accessories worldwide. The company offers shoes; leather goods, including handbags and wallets, and other leather products; eyewear and textile accessories; jewelry and watches; and T-shirts, sweatshirts, polo shirts, etc., as well as ready-to-wear products for men and women.
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