{
  "id": 10666921,
  "title": "JPM puts Richemont on Positive Catalyst Watch on strong jewellery demand",
  "url": "https://urgent.news/2026/09/29/jpm-puts-richemont-on-positive-catalyst-watch-on-strong-jewellery",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T10:25:03.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/jpm-puts-richemont-on-positive-catalyst-watch-on-strong-jewellery-demand-4922065"
  },
  "original_language": "en",
  "account": "J.P. Morgan has placed Richemont on its Positive Catalyst Watch due to strong jewellery demand, despite the luxury group's 11% decline in shares over the past month. The broker increased its price target from CHF220 to CHF235 and reiterated its overweight rating ahead of the Nov. 13 results. J.P. Morgan's estimates were raised by 1% to account for commodity prices and currency movements. The broker remains optimistic about Richemont's fiscal 2027-29 sales and operating profit, predicting 2%-4% above consensus. Group sales for the second quarter are expected to increase 15% on a reported basis to €5.98 billion or 13% at constant currencies, marking a slowdown from 20% growth in the first quarter. Jewellery Maisons sales are forecast to grow 17%, supported by North American demand. Specialist Watchmakers sales are expected to rise 4% at constant currencies, while the Other segment is projected to grow 5%. Operating margins are anticipated to improve by 10 basis points to 22.3% for the first half, with cost control contributing to the gains.",
  "summary": null,
  "key_points": [
    "J.P. Morgan places Richemont on Positive Catalyst Watch due to strong jewellery demand",
    "Price target increased from CHF220 to CHF235, overweight rating reiterated",
    "Jewellery Maisons sales forecast to grow 17%, supported by North American demand"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}