- Hermès International SCA received its first sell ratings in over a year, with analysts at Goldman Sachs and UBS cutting to sell on expectations of weaker growth.
- The downgrades mark a break in the luxury house's long run of outsized growth, a signal for a sector that trades on growth durability.
Quotes
“Hermès International SCA was hit with its first sell ratings in more than a year, as analysts at Goldman Sachs Group Inc. and UBS Group AG warned the Birkin-maker's era of impressive growth is coming to an end.”