H&M (HNNMY) Receives a Downgrade
In a recent report announced on 2 December, investment advisers at BofA Merrill’s research division cut the rating for H&M (HNNMY) shares from the previous “Buy” to a “Underperform”.
From a total of 2 analysts covering H&M (HNNMY) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 50% of the ratings are positive. H&M was the topic of 2 analyst reports since August 26, 2015 according to the firm StockzIntelligence Inc. Citigroup upgraded shares on October 13 to “Buy” rating.
Approximately 8,165 shares of stock traded hands. HENNES & MAURITZ AB (HNNMY) has declined 9.78% since April 29, 2015 and is downtrending. It has underperformed by 9.58% the S&P500.
According to Zacks Investment Research, “H & M Hennes & Mauritz AB offers fashion products with a broad and varied selection for women, men, teens and children through retail outlets mainly in Europe. The Company also sells its products via catalogues and the Internet. The women’s collection includes basics to tailored classics, sportswear, maternity clothes, accessories and shoes. The men’s collections include tailored pieces, modern basics, leisurewear accessories, underwear and shoes. The jeans & denim includes traditional five-pocket jeans, trendy fashion jeans and denim models in organic cotton. H&M’s cosmetics department provides a wide range of makeup, skin care and body care products. H & M Hennes & Mauritz AB is a subsidiary of Ramsbury Invest AB and is headquartered in Stockholm, Sweden.” Get a free copy of the Zacks research report on HENNES & MAURITZ AB (HNNMY).