Piper Sandler raised the firm’s price target on Interparfums (IPAR) to $164 from $155 and keeps an Overweight rating on the shares. The firm says Interparfums remains one of its favorite names in beauty, supported by a healthy fragrance market and strong portfolio of licensed and owned brands, coupled with current estimates that look prudent and a valuation that still looks attractive. Additionally, Piper views the newly announced agreement with Off-White as a signal that Interparfums remains in a strong competitive position to continue capturing new brands and support above-market growth.
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Read More on IPAR:
- Interparfums to develop Off-White fragrance, cosmetic products
- Interparfums price target lowered to EUR 52 from EUR 54 at Berenberg
- Inter Parfums price target lowered to $155 from $158 at Piper Sandler
- Inter Parfums Projects 4% Growth for 2025
- Inter Parfums sees 2025 EPS $5.35, consensus $5.47
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
