03:10 AM EDT, 07/17/2026 (MT Newswires) -- Bernstein raised its price target and earnings projections for Compagnie Financière Richemont (CFR.SW, CFR.JO), after the Swiss luxury goods group reported a fiscal first-quarter beat on the back of robust Jewellery Maisons performance. "JM growth accelerated by +10pts sequentially to 24% [constant foreign exchange], exceeding consensus expectations by +11pts. The performance was supported by broad-based strength across maisons, regions, and channels. Coming into the results, consensus had anticipated a narrowing of the growth gap between JM and [Fashion & Leather Goods]. However, 1Q27 demonstrated that even if F&LG were to deliver +3% [organic sales growth], the gap will have remained, at 21pts vs. 17-20pt over recent quarters. This underscores the enduring relative appeal of jewellery within luxury," the research firm said Thursday. Analysts highlighted that the 7-point sequential growth was fueled by volume and product mix rather than price increases, as pricing remained "broadly stable" quarter over quarter. "This should be reassuring given Richemont's sustained growth momentum, with Jewellery Maisons delivering double-digit growth for the 7th consecutive [quarter], while maintaining a relatively disciplined and measured approach to price increases," Bernstein wrote. As such, the research firm increased the outperform-rated stock's price target to 240 francs from 200 francs and increased its fiscal 2027 and 2028 EPS estimates by 17% and 21%, respectively, due to higher constant-currency growth assumptions, specifically within Jewellery Maisons.

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