Morgan Stanley has adjusted its outlook for Kering (PPRUY, Financial), as analyst Edouard Aubin revised the firm's price target for the luxury goods company. The target has been decreased from EUR 235 to EUR 200. Despite the change, the analyst maintains an Equal Weight rating on the stock.
The adjustment in the price target reflects a reassessment of Kering's market position and future prospects. However, the Equal Weight rating indicates a neutral stance, suggesting that the stock's performance is expected to align with the average returns of its sector.
