Broker Recommendations

RBC cuts Watches of Switzerland estimates on tough market dynamics

By Benjamin Chiou

Date: Tuesday 23 Apr 2024

(Sharecast News) - RBC Capital Markets has slashed its target price for Watches of Switzerland Group ahead of its full-year trading update next month, projecting a "tough" luxury watch market.
The broker cut its target for the shares from 475p to 425p after reducing next year's revenue and EBIT estimates by...

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