B.Riley Reiterates Buy Rating on LuxExperience (LUXE)

B.Riley analyst Anna Glaessgen reiterated a Buy rating and $13.00 price target on LuxExperience (NYSE: LUXE).

The analyst comments "On Tuesday, 9/29, we hosted a virtual group call with LUXE's (Buy, $13 PT) CEO Michael Kliger, CFO Martin Beer, and Head of IR David Steinbusch and investors. We expect continued market growth outperformance supported by LUXE's command of the ultra-luxury shopper, which is increasingly strengthened by differentiated product and events. With the 'heaviest lift' of the turnaround in the rear-view, and key milestones of the integration already achieved, shares should reflect greater confidence in the achievability of medium-term targets, which we see as underappreciated at ~0.3x FY2 EV/Sales. Reit. Buy, $13 PT. "

For an analyst ratings summary and ratings history on LuxExperience click here. For more ratings news on LuxExperience click here.

Shares of LuxExperience closed at $9.91 yesterday.

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