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Kering (OTCMKTS:PPRUY) Upgraded to "Overweight" at Morgan Stanley

Kering logo with Retail/Wholesale background

Key Points

  • Kering has been upgraded by Morgan Stanley from an "equal weight" rating to an "overweight" rating, reflecting positive sentiment towards the stock.
  • HSBC Global Research also upgraded Kering to a "strong-buy" rating, joining two other firms that have issued a Strong Buy rating for the stock.
  • The stock had a slight increase of 0.1% on Monday, trading at $34.95 with a 52-week range between $17.02 and $34.99.
  • MarketBeat previews top five stocks to own in November.

Kering (OTCMKTS:PPRUY - Get Free Report) was upgraded by research analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a research note issued on Monday,Briefing.com Automated Import reports.

A number of other brokerages also recently commented on PPRUY. Hsbc Global Res upgraded shares of Kering to a "strong-buy" rating in a research note on Tuesday, September 2nd. HSBC raised shares of Kering to a "buy" rating in a research report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Get Our Latest Research Report on PPRUY

Kering Stock Up 0.1%

OTCMKTS:PPRUY traded up $0.05 during mid-day trading on Monday, hitting $34.95. 106,172 shares of the stock traded hands, compared to its average volume of 292,598. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.87 and a current ratio of 1.32. The firm's 50 day moving average is $27.88 and its two-hundred day moving average is $23.23. Kering has a 52 week low of $17.02 and a 52 week high of $34.99.

Kering Company Profile

(Get Free Report)

Kering SA manages the development of a series of renowned houses in fashion, leather goods and jewelry in France, the Asia-Pacific, Western Europe, North America, Japan, and internationally. The company offers ready-to-wear products apparel and accessories for men and women. It also offers leather goods and shoes; watches and jewelry; eyewear products; and fragrances and cosmetics.

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Analyst Recommendations for Kering (OTCMKTS:PPRUY)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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