IPAR - IPAR's Fragrance Segment Shines: Analyst On Europe's Swift Recovery And Asia's Growing Luxury Embrace | Benzinga
D.A. Davidson analyst Linda Bolton Weiser reiterated a Buy rating on the shares of Inter Parfums Inc (NASDAQ: IPAR) with an unchanged price target of $187.
IPAR is seeing no weakening anywhere in the world, and the fragrance segment continues to be the star of the global prestige beauty market, said the analyst.
IPAR views industry growth potential as a CAGR of 6%-8% over the next 5-10 years versus historical growth of +4%-6%, noted the analyst.
According to the analyst, Europe has the highest fragrance penetration (~50%). Though post-COVID recovery was slower than in the U.S, now growth is catching up at a double-digit pace.
The ...