Hermes Stock: 5 Reasons To Buy (Rating Upgrade)

Still, there's more going for Hermès than not. The company's fundamentals are surprisingly strong, even considering that Chinese consumers have turned shy when it comes to luxury. Double-digit revenue growth, rising profits and robust margins all work in its favour. Additionally, HESAY's reduced P/E from last year indicates that there can be further upside to it moving forward. At the same time, the luxury market slowdown can't be taken lightly, especially when it has shown up starkly in some of its segment ...