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CIC Corporate Downgrades Richemont to Neutral, Boosts PT

MT Newswires·07/16/2026 08:33:24
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08:33 AM EDT, 07/16/2026 (MT Newswires) -- CIC Corporate & Institutional Banking on Thursday downgraded Swiss luxury goods group CIE Financiere Richemont (CFR.SW, CFR.JO) to neutral from buy and increased its price target to 205 francs from 185 francs. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)