1705 GMT - Cartier owner Richemont has gone through a significant evolution of its business model in recent years and now benefits from its unique exposure to the leading brands in jewelry, UBS analysts say in a research note. The Swiss group's core jewelry maisons division--home to its largest brands Cartier and Van Cleef & Arpels--should see sales growth of 7% in fiscal 2026, above its peers in the luxury sector, they say. This will be driven by robust momentum in jewelry and further pricing opportunities, UBS says. Shares closed 1.4% higher at 127.65 Swiss francs. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
December 03, 2024 12:05 ET (17:05 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。