Rothschild Redburn cuts target for Hermès International stock to EUR 1,410.00

Published on 10/02/2026 at 17:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 6.10 percent in the first half of 2026. Hermès International stock costs EUR 1,301.75 on October 2, 2026 versus EUR 1,302.50.

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Hermès International stock was trading at EUR 1,301.75 at Lang & Schwarz on October 2, 2026, down 0.06 percent from EUR 1,302.50. On October 1, 2026, Rothschild & Co Redburn downgraded Hermès from Buy to Neutral and cut its price target from EUR 1,835.00 to EUR 1,410.00, as Markets Insider reported.

Target cut meets resilient results

The downgrade puts valuation pressure against a still profitable operating model. In the first half of 2026, revenue rose 6.10 percent at constant exchange rates to EUR 8.163 billion, while operating income reached EUR 3.351 billion, according to Joinmares on September 5, 2026.

Hermès posted a 41.00 percent operating margin in the first half of 2026, down from 41.40 percent in the prior-year period. Operating income nevertheless increased from EUR 3.327 billion to EUR 3.351 billion, leaving the margin as the more sensitive measure for investors.

China concerns shape the debate

Rothschild & Co Redburn cited challenging industry conditions for its downgrade, while the lower target of EUR 1,410.00 remains EUR 108.25 above the Lang & Schwarz price. Measured against that target, the stock price was 7.68 percent below the target on October 2, 2026.

The next company figure that can test demand expectations is scheduled for October 22, 2026. Hermès lists its third-quarter 2026 revenue release at 8:00 a.m. CEST on its Hermès Finance calendar.

Stock stays near its yearly low

The Lang & Schwarz price stood 1.03 percent above the 52-week low of EUR 1,288.50 and below the 52-week high of EUR 2,606.00 on October 2, 2026. The distance from the yearly high underlines how sharply the market has repriced the luxury name, even as first-half revenue and operating income increased.

Hermès International stock was trading at EUR 1,301.75 at Lang & Schwarz on October 2, 2026 at 5:09 p.m. CEST, down 0.06 percent versus the prior close of EUR 1,302.50. The further course of trading is shown by the continuously updated real-time quote of Hermès International stock.