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Hennes & Mauritz AB (HNNMY) Rating Increased to Buy at Zacks Investment Research |

Hennes & Mauritz AB (HNNMY) Rating Increased to Buy at Zacks Investment Research

Hennes Mauritz AB (OTCMKTS:HNNMY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, September 7th. The brokerage currently has a $5.50 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 1.66% from the stock’s current price.

According to Zacks, “H M Hennes Mauritz AB offers fashion products with a broad and varied selection for women, men, teens and children through retail outlets mainly in Europe. The Company also sells its products via catalogues and the Internet. The women’s collection includes basics to tailored classics, sportswear, maternity clothes, accessories and shoes. The men’s collections include tailored pieces, modern basics, leisurewear accessories, underwear and shoes. The jeans denim includes traditional five-pocket jeans, trendy fashion jeans and denim models in organic cotton. HM’s cosmetics department provides a wide range of makeup, skin care and body care products. H M Hennes Mauritz AB is a subsidiary of Ramsbury Invest AB and is headquartered in Stockholm, Sweden. “

Separately, Goldman Sachs Group, Inc. (The) raised shares of Hennes Mauritz AB from a “sell” rating to a “neutral” rating in a research note on Wednesday, August 2nd.

Hennes Mauritz AB (OTCMKTS:HNNMY) opened at 5.41 on Thursday. The firm has a 50-day moving average price of $5.21 and a 200-day moving average price of $5.04. Hennes Mauritz AB has a 52 week low of $4.52 and a 52 week high of $6.02. The company has a market cap of $44.77 billion, a P/E ratio of 18.72 and a beta of 1.06.

Hennes Mauritz AB Company Profile

H M Hennes Mauritz AB (publ) provides clothing, accessories, footwear, and cosmetics for women, men, teenagers, children, and babies. It offers sportswear, underwear, shoes, bags, jewelry, scarves, hats, belts, beauty products, stationery, ready-to-wear, and jeans wear; hair styling, body care, and make-up accessories; and homeware accessories for the living room, kitchen, bedroom, bathroom and children’s room.

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