Hermes stock ends week above €2,200 — CPI and Feb results set the next test
Hermès shares rose 3.74% Friday to close at 2,217 euros, ending the week above 2,200. LVMH and Kering also advanced, lifting the CAC 40 to a record 8,362.09. Investors await U.S. CPI data on Jan. 13 and Hermès’ annual results on Feb. 12. Oddo BHF cut its Hermès price target to 2,200 euros, citing valuation concerns.