IPAR's Fragrance Segment Shines: Analyst On Europe's Swift Recovery And Asia's Growing Luxury Embrace
Portfolio Pulse from Shivani Kumaresan
D.A. Davidson analyst Linda Bolton Weiser reiterated a Buy rating on Inter Parfums Inc (IPAR) with an unchanged price target of $187. IPAR's fragrance segment is performing well globally, with Europe's recovery and Asia's growing luxury market contributing to the success. The company is optimistic about its 2024 sales guidance for Lacoste and Roberto Cavalli, transferred from Coty Inc (COTY), and the DKNY line, transferred from Estee Lauder Companies Inc (EL). The analyst raised 3Q23E sales and EPS to above consensus.
September 15, 2023 | 6:06 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Coty Inc transferred Lacoste and Roberto Cavalli to Inter Parfums Inc, which is optimistic about the 2024 sales guidance for these brands.
The transfer of Lacoste and Roberto Cavalli to IPAR could potentially impact COTY's future revenues. However, the impact on the stock price in the short term is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Estee Lauder Companies Inc transferred the DKNY line to Inter Parfums Inc, which has been performing well and beating internal projections.
The transfer of the DKNY line to IPAR could potentially impact EL's future revenues. However, the impact on the stock price in the short term is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Inter Parfums Inc's fragrance segment is performing well globally, with the company optimistic about its 2024 sales guidance. The analyst from D.A. Davidson reiterated a Buy rating on the company.
The positive outlook from the analyst, along with the company's strong performance in the fragrance segment and optimism about future sales, could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100