not vested
Jefferies Cuts L'OCCITANE (00973.HK) TP to $30.2, Rating Buy
L'OCCITANE (00973.HK) 's management guided to lift marketing expenses to approximately 20% of sales from FY2024, with key investment in core L'OCCITANE brand and Elemis, Jefferies quoted in its report.
Harnessing new product formulations and new market channels, L'OCCITANE targeted to maintain sales of EUR3 billion and an operating margin of 16% in FY2026.
Related News: L'OCCITANE Annual Net Profit EUR115M, Down 52.4%; Final Div Cut to EUR3.129 Cents
The broker trimmed the TP on L'OCCITANE from $34.7 to $30.2, with rating kept Buy.
Source; AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... 274799/all