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Enter Symbol:
Rating: HNNMY
Neutral

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

Tuesday,  Dec 17, 2013  8:25 AM ET by Kristen Bailey

HSBC Securities upgraded Hennes & Mauritz AB (OTCBB: HNNMY) to
Neutral. HSBC Securities rated Hennes & Mauritz AB (OTCBB: HNNMY) to Underweight on 03/22/2013, when the price was $7.09.

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.



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