Gelonghui November 29 | UBS published a report saying that L'Occitane's interim results and profit fell short of expectations, and investors were expected to react negatively. According to the bank, L'Occitane made a profit of 35.033 million euros in the medium term, down 45% year on year and 53% lower than market expectations. Management's guidance for fiscal year 2024 remained the same, with sales growth of 17% and operating margin growth of 12%. UBS's target price for L'Occitane is HK$28.2, with a “buy” rating.
大行评级｜瑞银：予欧舒丹目标价28.2港元 评级“买入”
Bank Ratings｜UBS: “Buy” L'Occitane with a target price of HK$28.2
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