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      RBC Downgrades Hermes Rating and Lowers Target Price

      Royal Bank of Canada (RBC) has downgraded its rating for Hermes International to 'Sector Perform' from 'Outperform'. This change reflects a shift in the bank's outlook on the luxury goods market and the performance of the company.

      In conjunction with the rating downgrade, RBC has also reduced its target price for Hermes shares from €1,900 to €1,700. This adjustment indicates a more cautious approach towards the company's future growth prospects.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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