Jefferies cuts Richemont target from CHF 220 to CHF 200 for Richemont stock

Published on 10/15/2026 at 10:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter sales rose 20.00 percent at constant rates on July 15, 2026. Richemont stock costs EUR 187.88 on October 15, 2026.

Analyst targets and reporting date

Jefferies cut its Richemont target from CHF 220 to CHF 200 on October 8, 2026.
First-quarter sales rose 20.00 percent at constant rates for the period ended June 30, 2026.
Richemont stock traded at EUR 187.88 at 10:32 a.m. CEST at Lang & Schwarz on October 15, 2026.
Richemont scheduled its interim results for November 13, 2026.

Uhrmacher montiert Präzisionsuhrwerk in traditioneller Genfer Werkstatt am Fenster — Fotorealistisches Bild zeigt Uhrmacher-Werkstatt für Cie Financière Richemont, Aktie ISIN CH0210483332, Genf Schweiz, Illustration mit AI erstellt.

Richemont (ISIN CH0210483332) is facing a lower analyst target ahead of its second-quarter results. On October 8, 2026, Jefferies cut its target from CHF 220 to CHF 200 but kept its Buy rating, according to FinanzNachrichten. The report linked the reduction to expectations for slower organic growth before the figures.

Three events shape the story

Richemont's latest twelve-month chronology shows a strong operating start followed by more cautious valuation. On July 15, 2026, the company reported first-quarter sales up 20.00 percent at constant rates for the period ended June 30, 2026, as stated on its Richemont investor page. On October 5, 2026, Goldman Sachs initiated coverage with a Buy rating and a CHF 225.00 target, according to Boerse Global. On October 8, 2026, Jefferies reduced its target from CHF 220 to CHF 200 while retaining Buy, according to onvista.

What does the target cut mean?

The revision places valuation against a still-strong operating base. Richemont's first-quarter sales reached EUR 6.3 billion and increased 20.00 percent at constant rates, while the Jewellery Maisons grew 24.00 percent, according to the company's investor information. The contrast is important: the latest operating figure shows considerable demand, while Jefferies expects organic growth to slow and profitability to improve as currency and input-cost pressure eases.

When are the next results?

Richemont's next scheduled milestone is November 13, 2026, when it is set to publish interim results for the six months ended September 30, 2026, according to Chronopin. That report will test whether the first-quarter sales pace carried into the second quarter and whether the expected margin improvement is visible in the reported figures.

Richemont stock at Lang and Schwarz

The latest analyst action is cautious on valuation, not a reversal of the company's first-quarter sales momentum. Richemont was trading at EUR 187.88 at Lang & Schwarz on October 15, 2026 at 10:32 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Richemont stock.