PP PPRUY KERING SA UNSP/ADR Loading... : Bullish and Bearish Analyst Opinions

Kepler Cheuvreux reduces its price target for Kering to 360 euros from 400 euros.

Kering appoints former Prada brand CEO as the new head of its Alexander McQueen label in a leadership change.

The Coach CEO states, "You have seen some of those European handbag makers raise their prices... I find it offensive that somebody has to save four months of salary to buy a handbag." European luxury conglomerates (LVMH, Kering) have aggressively raised prices, effectively abandoning the aspirational/entry-level consumer. This creates a vacuum that Coach is filling. As Gen Z becomes more value-conscious ("very value driven"), the ultra-luxury brands risk losing volume growth to accessible alternatives. AVOID European Luxury ADRs as they face market share erosion in the entry-level segment. Ultra-wealthy consumers are less price-sensitive, so top-line revenue for these firms may remain robust despite lower volume.