Luxury stocks leap on Richemont's robust holiday sales By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2025
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Source: Investing.com
Luxury Goods Market Recovery: Shares of major luxury brands surged following Richemont's strong sales report, which showed a 10% increase in year-on-year sales, signaling potential recovery in the luxury sector.
Investor Optimism: The positive performance of Richemont and other luxury companies led to significant stock price increases, reflecting investor confidence in the resilience and growth potential of the luxury goods market despite recent challenges.
Analyst Views on CFR
Wall Street analysts forecast CFR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CFR is 139.78 USD with a low forecast of 114.00 USD and a high forecast of 154.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
4 Buy
4 Hold
2 Sell
Hold
Current: 142.090
Low
114.00
Averages
139.78
High
154.00
Current: 142.090
Low
114.00
Averages
139.78
High
154.00
About CFR
Cullen/Frost Bankers, Inc. is a financial holding company and a bank holding company. The Company provides an array of products and services throughout numerous Texas markets. The Company's segments include Banking and Frost Wealth Advisors. The Banking segment includes both commercial and consumer banking services and Frost Insurance Agency. Commercial banking services are provided to corporations and other business clients and include a wide array of lending and cash management products. Consumer banking services include direct lending and depository services. Frost Insurance Agency provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty products, as well as group health and life insurance products. The Frost Wealth Advisors segment includes fee-based services within private trust, retirement services, and financial management services, including personal wealth management and securities brokerage services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
