Jefferies cuts target for Richemont stock to CHF 200

Published on 10/08/2026 at 12:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Richemont sales rose 20.00 percent at constant rates in the first quarter. Richemont stock was EUR 179.00 on October 8, 2026 in trading.

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.

Jefferies cut its Richemont price target from CHF 220.00 to CHF 200.00 while retaining a Buy rating, putting the analyst view at the center of Richemont stock on October 8, 2026. The stock was trading at EUR 179.00 at Lang & Schwarz on October 8, 2026 at 12:03 p.m. CEST.

Jefferies lowers target to CHF 200

According to Börse Online on October 8, 2026, Jefferies reduced the target ahead of Richemont's second-quarter figures and kept its Buy rating. Analyst James Grzinic wrote that organic growth could slow, while easing input-cost and currency pressure could improve profitability.

The change creates a clear split in the latest assessment. Jefferies lowered the valuation reference by CHF 20.00, or 9.09 percent versus the former CHF 220.00 target, but retained a positive rating because the expected margin pressure is seen easing.

Sales growth sets the operating backdrop

Richemont's investor materials identify first-quarter fiscal 2027 sales growth of 20.00 percent at constant rates for the period ended June 30, 2026. The same investor page lists fiscal 2026 sales of EUR 22.4 billion, operating profit of EUR 4.5 billion and cash flow from operating activities of EUR 4.9 billion.

Those figures put the analyst debate in perspective. The latest quarter delivered double-digit growth, while Jefferies is concentrating on the next phase, where organic expansion and profitability matter more than the prior year's pace. Richemont also listed EUR 8.5 billion of net cash for fiscal 2026, giving the balance sheet a substantial cushion alongside the luxury group's jewellery, watch and fashion businesses.

SIX listing anchors the company

Sharenet identifies Richemont A shares as listed on the SIX Swiss Exchange under ticker CFR, with CH0210483332 as the ISIN. The filing also confirms SIX as the primary listing and the SMI as the relevant Swiss blue-chip index.

For investors, the immediate test is whether the second-quarter update can support the first-quarter growth rate while protecting profitability. The target reduction to CHF 200.00 shows that the valuation debate has become more selective even as the Buy rating remains in place.

Euro quote remains intraday

Richemont was trading at EUR 179.00 at Lang & Schwarz on October 8, 2026 at 12:03 p.m. CEST. The bid was EUR 178.95 and the ask was EUR 179.05. The further course of trading is shown by the continuously updated real-time quote of Richemont stock.