Breaking News: RBC Capital Adjusts Pandora A/S (PANDY) Price Target Down to DKK9.20 - What Investors Need to Know
RBC Capital recently revised its financial outlook for Pandora A/S (PANDY) shares, lowering the price target to DKK9.20 from DKK10.50. This adjustment reflects expectations for the second quarter of 2024, where a 7% like-for-like increase in retail sales is anticipated, along with the launch of the Essence collection. However, increased operational expenditures may limit operating leverage.
The firm also revised its full-year 2025 forecasts for Pandora, considering the impact of rising commodity prices, which could lead to a 260 basis point increase in costs. As a result, the new estimate for earnings before interest and taxes (EBIT) is 9% lower than previous calculations.
In light of these changes, investors are closely monitoring Pandora's financial performance and strategic initiatives, such as the upcoming Essence collection launch. Additionally, Citi and Jefferies have updated their stock targets for Pandora, emphasizing the company's efficient operations in Thailand and future growth prospects.
InvestingPro Insights provide additional context for investors, highlighting Pandora's strong financial position with a market capitalization of $11.65 billion and a gross profit margin of 79.03%. Tips from InvestingPro suggest that Pandora's management confidence, oversold stock status, and various financial metrics make it an attractive investment opportunity.
With the coupon code PRONEWS24, investors can access exclusive tips and insights from InvestingPro to guide their investment decisions. Don't miss out on the opportunity to stay ahead of the market trends and make informed investment choices.