Kering stock fell 3.22 percent as targets were cut

Published on 10/03/2026 at 21:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kering stock stood at EUR 210.30 on October 2, 2026, as Citi cut its target to EUR 243. First-half net income fell 60 percent to EUR 189 million.

Schwarzweiß-Reportagefoto eines Lederhandwerkers an der Werkbank im Atelier — Dokumentarische Schwarzweiß-Aufnahme eines Lederhandwerkers zeigt Handwerkskunst bei Kering S.A. gemäß ISIN FR0000121485 Notierung, Illustration mit AI erstellt.

Kering (ISIN FR0000121485) stock was last at EUR 210.30 on Euronext Paris on October 2, 2026 at 5:35 p.m. CEST, down 3.22 percent from the prior close. As Investing.com reported on October 2, management adopted a more cautious tone ahead of the fiscal third-quarter sales release scheduled for October 22, 2026.

Targets move lower

Analyst revisions added pressure to the stock. On October 2, Morgan Stanley cut its target from EUR 320 to EUR 250 and kept an in-line rating, while Oddo BHF reduced its target from EUR 255 to EUR 248 with a neutral rating, according to Ideal Investisseur.

Investing.com also reported that Citi lowered its target from EUR 282 to EUR 243. The sequence matters because the revisions combine lower valuation assumptions with a management message that points to a slower luxury recovery.

First-half profit falls sharply

Kering's first-half 2026 revenue was EUR 7.22 billion and EBITDA was EUR 1.935 billion, according to the reported figures carried by Ideal Investisseur. Net income attributable to the group fell 60 percent to EUR 189 million, while Gucci comparable revenue declined 5 percent.

The portfolio offered contrasting signals in the same period. Kering Jewelry comparable revenue increased 20 percent and its current margin rose 2.7 percentage points, while the Gucci recovery remained the central earnings test. Management also highlighted progress in Gucci's product offering, pricing architecture and brand desirability during the October 2 analyst call.

Stock trades near its yearly low

Kering stock was last at EUR 210.30 on Euronext Paris on October 2, 2026, with a session range of EUR 203.20 to EUR 215.00 and a 52-week range of EUR 203.20 to EUR 354.20. The EUR 25.8 billion market capitalization places the 52-week low only EUR 7.10 below the reference price, while the monthly decline was 13.8 percent.