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Rating: HNNMY
Buy

Hennes & Mauritz AB (OTCBB: HNNMY) rated to Buy by Citigroup

Friday,  Jan 31, 2014  9:25 AM ET by Dave Ficere

Citigroup rated Hennes
& Mauritz AB (OTCBB: HNNMY) to Buy.

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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.



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