I upgrade Compagnie Financiere Richemont SA to buy as Q4 results show accelerating core growth and stabilizing weaker segments. Jewellery Maisons delivered 16% constant-currency growth in Q4, reinforcing CFRHF's premium brand strength and margin leadership. Specialist Watchmakers and wholesale segments have stopped dragging results, supporting a cleaner, more attractive growth base.
Compagnie Financiere Richemont SA: Market Doesn't Seem To Appreciate The Fundamental Improvements Shown
Source: Seeking Alpha