DA Davidson Maintains Buy Rating for Inter Parfums: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
DA Davidson has reaffirmed its Buy rating on Inter Parfums (NASDAQ:IPAR) and increased its price target from $191.00 to $192.00. Inter Parfums' stock is currently trading at $123.62, and the new price target suggests a potential upside of 55.31%. Inter Parfums is involved in the fragrance industry, offering products under various brand names including JIMMY CHOO and COACH.
November 22, 2023 | 5:00 pm
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POSITIVE IMPACT
DA Davidson maintains a Buy rating on Inter Parfums and raises the price target to $192, suggesting significant growth potential from the current price of $123.62.
The reaffirmation of a Buy rating and an increased price target by DA Davidson is a strong positive signal to investors, indicating the firm's confidence in Inter Parfums' future performance. This could lead to increased investor confidence and a potential short-term rise in the stock price, especially considering the significant upside implied by the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100