Stifel raises its target price for the Swiss luxury good's stock to 180 CHF (from 160 CHF), confirming its 'buy' recommendation on it.

Following its 2025 results, we are raising our EBIT forecasts for 2026 and 2027 by 1% and 2% respectively, reflecting higher forecasts for the Jewelry Houses, which more than offset lower estimates for the specialized watchmakers, the broker said.

Regarding its EBIT margin, the analyst expects exchange rates to have a negative impact of 80bp on the margin for FY 2026 at current rates.

Our EBIT margin forecast of 21.1% for fiscal year 2026 is roughly equivalent to the 20.9% forecast for FY 2025, Stifel concludes.


Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are provided solely as a decision-making aid for investors. Cercle Finance cannot be held liable, directly or indirectly, for the use of such information and analyses by readers. Anyone who is not an expert in the field is advised to consult a professional advisor before investing. This information is provided for informational purposes only and does not constitute an offer to sell or a solicitation to buy.