This summary was created by AI, based on 1 opinions in the last 12 months.
According to experts, Kering (PPRUY-OTC) is facing challenges due to slow Gucci sales and weak guidance. This has led to a 38% decline, causing uncertainty about the stock's future. The consensus among experts is not optimistic given the sales troubles at Gucci. It remains to be seen how the company will navigate these challenges and improve its performance.
Excellent company with Gucci as top brand.
Luxury brand space will see further growth in Asia.
Expecting increased revenue in 2024.
China closing up caused a drop in sales but it is re-opening and the Chinese people are huge buyers of luxury goods. It has big growth ahead and lots of free cash flow. It is also very good at turning brands around.
Kering is a American stock, trading under the symbol PPRUY-OTC on the US OTC (PPRUY). It is usually referred to as OTC:PPRUY or PPRUY-OTC
In the last year, 1 stock analyst published opinions about PPRUY-OTC. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Kering.
Kering was recommended as a Top Pick by on . Read the latest stock experts ratings for Kering.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Kering In the last year. It is a trending stock that is worth watching.
On 2024-12-06, Kering (PPRUY-OTC) stock closed at a price of $25.175.
Slowly Gucci sales have hurt and guidance is weak. He exited. Not sure what the future holds. Gucci has sales trouble.