H&M : Deutsche Bank upgrades its recommendation to 'buy'.
Deutsche Bank, whose target price has been raised from 165 to 200 kronor, believes that the market has not fully taken into account H&M's structural growth potential.
While the research firm acknowledges that the trend towards normalization of sales and margins has been welcomed by the financial community, DB is counting on a clear improvement in results thanks to collections that are more in tune with the times, more efficient in-store sourcing and better inventory and cost management.
In its view, the correction in the share price that followed the presentation of the latest results therefore represents a good opportunity to take another look at the dossier.
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