Hermès gains more than 1% on the back of positive comments from Oddo BHF, which reaffirms its 'outperform' opinion and raises its price target from 1,555 to 1,794 euros, considering that 'the investment case remains of high quality' for the luxury house.

The analyst raises his OC, reflecting both the change in fiscal year and the increase in medium-term assumptions, with annual growth for 2025-28 raised to around +10% and a normative margin of 39%.

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