Compagnie Financiere Richemont SA Class A
CFR: XSWX (CHE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CHF 863.00 | Xch | Hxvbfhj |
Richemont's Sales Accelerate in Q2; Profitability Strong; Remains a Preferred Name in Luxury
We expect to increase our fair value estimate for Richemont by a low- to mid-single-digit percentage to reflect continuous strong operating and financial results in the first half. Shares look attractive at current levels, trading in 4-star territory, and Richemont remains our top pick in the luxury segment on a strong combination of quality and valuation.