Kering's Stock Soars Nearly 5% and Breaks a Key Resistance

The Stock Takes Second Place in the CAC 40 and Approaches its 200-Day Average

Kering's stock gains 4.49% to €270.85 at the opening, just behind Stellantis in a leading group dominated by cyclical and luxury stocks (Renault, Safran, and LVMH follow in the top 5). The stock is among the strongest risers in the CAC 40, as the Paris index advances by 1.49%. Today's rise brings the weekly gain to 8.75% and the one-month performance to 14%, after several sessions of recovery documented in a brief from June 9. Technically, the price clearly surpasses the resistance threshold at €259.20, which had acted as a ceiling in recent weeks. It is now 9.17% above the MM20 (€248.09) and is approaching the MM200 at €274.75, still 1.42% above the current price. The RSI at 59 remains in a neutral zone, indicating that the upward momentum is not yet overheating.

Berenberg Lowers Target to €175 Despite Price Recovery

Berenberg has lowered its price target on Kering from €190 to €175 on June 11, while maintaining a sell rating. The revised target is 35% below the opening price, highlighting the discrepancy between the recent stock market recovery and the caution of some analysts on the profit trajectory of the group. According to the consensus of analysts surveyed, the stock is trading at about 40.8 times the expected earnings for the current fiscal year and 27.3 times those of the following year. The 4.49% rise today brings the three-month performance to +4.72% and extends the recovery sequence that began at the end of May, after the stock fell below €232 in mid-May. The crossing of the €259.20 resistance now places the 200-day moving average, at €274.75, as the next technical marker for the session.