RMS.PA is trading 4% up at €1,659 as the stock bounces from recent declines, supported by a positive analyst action and a broader rebound in European luxury markets.
- Bernstein reaffirmed its 'Buy' rating on the stock with a price target of €2,150, providing a direct positive catalyst for the shares.
- The move also comes amid a recovery from last week’s selloff and improving sentiment across the luxury sector.