Kering (OTCMKTS:PPRUY – Get Free Report) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.
PPRUY has been the subject of a number of other reports. HSBC cut shares of Kering from a “buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Barclays raised shares of Kering from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Finally, TD Cowen reiterated a “buy” rating on shares of Kering in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.
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Kering Stock Performance
Kering Company Profile
Kering is a global luxury goods group headquartered in Paris that designs, produces and distributes high-end fashion, leather goods, jewelry and watches. The company owns and manages a portfolio of well-known maisons — including Gucci, Saint Laurent, Bottega Veneta, Balenciaga, Alexander McQueen and several specialist jewelry and watchmakers — and supports those brands with centralized services for sourcing, manufacturing oversight, distribution and retail operations.
Originally part of a broader retail conglomerate, the group repositioned itself over the past two decades as a focused luxury house and adopted the Kering name in the 2010s.
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