Watches of Switzerland

Deutsche Bank has downgraded Watches of Switzerland Group PLC (LSE:WOSG) from 'buy' to 'hold', raising its price target slightly from 490p to 510p following a 15% rise in the stock since September. While the bank maintains that the company remains a best-in-class retailer in the resilient luxury watch category, it highlights concerns over growth visibility and profitability raised by the company's recent half-year results.» Mehr auf proactiveinvestors.co.uk

Canadian bank says recent data suggests that the luxury sector is stabilising after a tough year with key trends in China and the US looking more amenable going into 2025. Favoured stocks at the Canadian bank are French giant LVMH (target €650) for its diversity, scale advantage and sector bellwether status.» Mehr auf proactiveinvestors.co.uk

I maintain a buy rating for Watches of Switzerland Group as demand improves, particularly in the US market, driving growth acceleration. 1H25 results show a 3.1% y/y revenue growth, with luxury watches generating GBP649 million and luxury jewelry GBP95 million. WOSGF's strong project pipeline and successful integration of Roberto Coin, along with Rolex CPO demand, support future growth.» Mehr auf seekingalpha.com