Hennes & Mauritz AB Class B
HM B: XSTO (SWE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SEK 647.00 | Cwzcv | Xjjczppb |
H&M Earnings: Less Cost Pressures in H2, Better Stock Turns, Sales Trends Offset Current Weakness
We are maintaining our fair value estimate for no-moat H&M at SEK 190 per share after the company reported a rather challenged second quarter but with some signs of optimism. After an 18% rally during the day, shares look fairly valued.