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Enter Symbol:
 
Hennes & Mauritz AB (HNNMY) [hlAlert]

Rating:
Overweight
HNNMY
3 Months Gains
down 10.73 %

Hennes & Mauritz AB (HNNMY) upgraded to Overweight by HSBC Securities

Posted on: Thursday,  Feb 6, 2014  8:25 AM ET by HSBC Securities

Hennes & Mauritz AB
(OTCBB: HNNMY) upgraded to Overweight by HSBC Securities.

H & M Hennes & Mauritz AB engages in the sale of clothing and cosmetics in Sweden and internationally. The company?s stores offer basics, tailored classics, sportswear, and maternity clothes for women; basics, leisurewear, and seasonal fashions for men; denim and street fashions; and fashion wear for teenagers and children, as well as accessories, underwear, and shoes. It also provides makeup, skin care, and body care products; and home fashion products, which include interior textiles for the living room, bedroom, bathroom, and kitchen. As of June 22, 2011, the company had approximately 2,300 stores in 40 markets, including franchise markets. It also sells its products through Internet and catalogues in Sweden, Norway, Denmark, Finland, the Netherlands, Germany, Austria, and the United Kingdom. The company was founded in 1947 and is headquartered in Stockholm, Sweden.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/6/2014 8:25 AM Buy
None
8.66
as of 10/17/2014
1 Week   
1 Month   
3 Months   
1 YTD   
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/17/2013 8:25 AM Hold
None
8.69
3/22/2013 8:25 AM Sell
None
7.09

(*) Stock Price at the time of the recommendation.
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