Kering stock rebounds 3% and posts best CAC 40 gain
The Paris-based luxury group posted the best CAC 40 performance on Tuesday, rebounding sharply after several consecutive sessions in the red. This recovery occurs as Rothschild & Co Redburn has just downgraded its rating on the stock, a signal that did not weigh on the share price during the session.
A rebound at the top of the CAC 40 that does not offset a marked month of decline
Kering gains 3.27% to €249.30 during the session, positioning itself at the top of an almost flat CAC 40 (-0.06%). Today's rebound is the strongest in the index, in a Paris market lacking particular momentum. It partially offsets the monthly decline, which nevertheless remains substantial at -13.54% over one month, a deterioration that today's gain only marginally compensates for. Over the week, the stock is still down 2.44%, illustrating the persistence of downward pressure in the short term.
The stock remains below its three moving averages: the 20-day MA at €257.73, the 50-day MA at €258.67 and the 200-day MA at €266.34, representing respective negative gaps of 3.83%, 4.18% and 6.94%. The RSI at 37 is in the lower zone without reaching extreme oversold conditions, but it testifies to the exhaustion of selling momentum during the session, consistent with this rebound after several days in the red. The nearest resistance level is at €292.85, over 18% above the current price.
Rothschild downgrades Kering rating and lowers price target to €225.76
In this context, analyst sentiment is hardening further on the stock. Rothschild & Co Redburn downgraded its opinion on Kering from "neutral" to "sell" on September 7, while revising its price target from €235.00 to €225.76, representing a downside potential of nearly 9% compared to the current price. This downgrade comes against a difficult fundamental backdrop: when publishing H1 2026 results on July 29, the group reported a 5% decline in Gucci comparable sales and a 60% drop in net profit attributable to the group to €189 million.
The sector remains globally under pressure in China, the world's leading luxury market, where jewelry sales posted a 10.1% year-on-year decline in July 2026 according to official NBS data. Conversely, the half-year results had highlighted the sale of Kering Beauty, which helped reduce net debt by €4.7 billion, and the 20% comparable growth in Kering Jewelry. The next signal for the stock will come from the test of its support level at €241.40, at which it was still trading the previous day.
