TD Cowen cuts target for Kering stock to EUR 210 from EUR 235

Published on 10/26/2026 at 17:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 revenue was EUR 3,345.00 million, down 1.00 percent. Kering stock costs EUR 179.44 on October 26, 2026, up 0.74 percent versus Xetra close.

TD Cowen target reset

TD Cowen lowered its Kering target to EUR 210.00 from EUR 235.00 on October 23, 2026.
Kering reported third-quarter revenue of EUR 3,345.00 million, down 1.00 percent on a comparable basis.
Kering stock costs EUR 179.44 at Lang & Schwarz on October 26, 2026 at 5:03 p.m. CET, 0.74 percent above the Xetra close of October 23, 2026.
Kering's market capitalization was EUR 22.1 billion and its P/E was -104.01 on October 26, 2026.

Kering S.A., FR0000121485, Illustration mit AI erstellt.

TD Cowen lowered its Kering price target to EUR 210.00 from EUR 235.00 on October 23, 2026, while keeping a Hold rating, according to Markets Insider. The revised target sits 17.03 percent above the Lang & Schwarz price of EUR 179.44. Kering stock was trading at EUR 179.44 at Lang & Schwarz on October 26, 2026 at 5:03 p.m. CET, up 0.74 percent versus the Xetra close of October 23, 2026 at EUR 178.12.

Third-quarter revenue stays under pressure

According to Kering on October 22, 2026, third-quarter revenue reached EUR 3,345.00 million. That was stable on a reported basis but down 1.00 percent on a comparable basis year over year. The result puts the analyst target revision into a broader operating context rather than turning the stock move into the main story.

Gucci remained the largest pressure point. Its third-quarter revenue was EUR 1,291.00 million, down 6.00 percent on a comparable basis, while Kering Jewelry revenue rose 11.00 percent on that basis to EUR 239.00 million. Kering Eyewear grew 4.00 percent on a comparable basis to EUR 373.00 million, showing the portfolio's uneven performance.

Kering stock stays near its yearly low

The EUR 176.46 to EUR 334.65 52-week range places the Lang & Schwarz price 1.69 percent above the low and 46.39 percent below the high as of October 26, 2026. The narrow distance from the low gives the price position more weight than the 0.74 percent daily move, although it does not establish a new low.

The company generated EUR 10,565.00 million in revenue during the first nine months of 2026, down 2.00 percent as reported and stable on a comparable basis, according to Kering. The same release said the group completed 105 net store closures in that period and raised its full-year objective to at least 125 closures.

Valuation trails luxury peers

Kering had a market capitalization of EUR 22.1 billion and a negative P/E of -104.01 on October 26, 2026. The comparable figures for LVMH were EUR 190.7 billion and a P/E of 17.64, while Hermès stood at EUR 134.3 billion and a P/E of 29.80. LVMH was up 0.98 percent and Hermès was up 3.51 percent on their October 26, 2026 quotes.

Comparison with peers

Kering: up 0.74 percent, P/E -104.01, market capitalization EUR 22.1 billion.

LVMH: up 0.98 percent, P/E 17.64, market capitalization EUR 190.7 billion.

Hermès: up 3.51 percent, P/E 29.80, market capitalization EUR 134.3 billion.

Target cut meets a weak Gucci quarter

TD Cowen's lower EUR 210.00 target leaves a measurable gap above the current euro price, while Kering's third-quarter figures show why Gucci remains central to the investment case. The next market test is whether the recovery plan can improve comparable sales without relying on currency effects.

The further course of trading is shown by the continuously updated real-time quote of Kering stock.