Watches of Switzerland downgraded to Hold from Buy at Jefferies
Jefferies downgraded Watches of Switzerland to Hold from Buy with a price target of 740 GBp, up from 440 GBp. A strong U.S. backdrop has helped the stock rerate to a post COVID near peak valuation, notes the firm, which downgrades to reflect reducing valuation attractions and inflation tailwinds.
Jefferies downgraded Watches of Switzerland to Hold from Buy with a price target of 740 GBp, up from 440 GBp.
A strong U.S. backdrop has helped the stock rerate to a post COVID near peak valuation, notes the firm, which downgrades to reflect reducing valuation attractions and inflation tailwinds.