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H&M Disappointing Sales Recovery Clouds Hopes of Post-Covid Comeback, Carnegie Says

(PLX AI) – H&M post-pandemic sales recovery has been disappointing, analysts at Carnegie said, adopting a more cautious view on the company.Price target cut to SEK 160 from SEK 175, with recommendation unchanged at holdQ4 sales are likely to be in …

  • (PLX AI) – H&M post-pandemic sales recovery has been disappointing, analysts at Carnegie said, adopting a more cautious view on the company.
  • Price target cut to SEK 160 from SEK 175, with recommendation unchanged at hold
  • Q4 sales are likely to be in line with the same quarter in 2019, as pent-up demand for fashion doesn't seem to have materialized, Carnegie said
  • Meanwhile, cost inflation could slow the earnings recovery next year: Carnegie
  • H&M showed great cost control during the pandemic, but now the potential margin recovery is clouded and the company may choose to prioritize growth over margins while valuation remains at a premium to peers, Carnegie said


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Autor: PLX AI
02.12.2021, 10:19  |  115   |   |   

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H&M Disappointing Sales Recovery Clouds Hopes of Post-Covid Comeback, Carnegie Says (PLX AI) – H&M post-pandemic sales recovery has been disappointing, analysts at Carnegie said, adopting a more cautious view on the company.Price target cut to SEK 160 from SEK 175, with recommendation unchanged at holdQ4 sales are likely to be in …

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