Luxury: Deutsche Bank cuts forecasts and downgrades key European names

Luxury: Deutsche Bank cuts forecasts and downgrades key European names

Tough times for the luxury sector. Amid an environment of complete uncertainty, analysts are weighing in – not always favourably. Deutsche Bank has revised its forecasts downwards and downgraded several European luxury stocks, including Richemont and Kering. The bank highlighted increasing short-term uncertainty for the luxury sector, stressing that the recovery seen in Q4 2024…

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