Interparfums: Scented Price Increase Thanks to Piper Sandler Optimism

The renowned financial institution Piper Sandler has once again raised its price targets for the stock of Interparfums. With a new target of $164, up from the previous $155, the stock's rating remains at "Overweight." Interparfums is highlighted as one of the preferred brands in the beauty segment. The reasons for this lie in a flourishing fragrance market and an impressive portfolio of licensed and own brands. Piper Sandler analysts point to the currently realistic-looking estimates and the still attractive valuation. Particular attention is also drawn to the recently announced cooperation with the brand Off-White. This move is seen as a strong signal for Interparfums' competitiveness, with the company demonstrating the ability to acquire further brands and support growth beyond the market standard.