Jefferies & Co Issues an Upgrade on H&M (NYSE:HNNMY) Shares. What’s Next?

Share

H&M (NYSE:HNNMY) Stock Upgrade

In an analyst research report revealed to clients today, Jefferies & Co raised shares of H&M (NYSE:HNNMY) to a solid Buy rating from their previous Hold rating.

From a total of 2 analysts covering H&M (NYSE:HNNMY) stock, 1 rate it a ”Buy”, 1 a “Sell”, and 0 a ”Hold”. This means that 50% of the ratings are positive. H&M was the topic of 2 analyst reports since October 13, 2015 according to the firm StockzIntelligence Inc. Bank of America downgraded shares on December 2 to “Underperform” rating.

The stock decreased 0.50% or $0.03 on December 18, striking $6.93. Approximately 197,750 shares of stock traded hands or 28.50% up from the average. HENNES & MAURITZ SPON ADR EA REP 0.2 ORD SHS (NYSE:HNNMY) has declined 14.18% since May 15, 2015 and is downtrending. It has underperformed by 10.37% 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.”

COMMENTS: