Analyst praise drives Fielmann and Mister Spex to new heights

Positive analyst comments from Bryan Garnier caused the shares of Fielmann and Mister Spex to rise significantly on Friday.

8/31/2024, 11:18 AM
Eulerpool News Aug 31, 2024, 11:18 AM

A positive analyst comment from the investment house Bryan Garnier boosted the shares of Fielmann and Mister Spex on the stock exchanges on Friday. The shares of traditional company Fielmann temporarily rose by 3.7 percent to 43.55 euros in XETRA trading, reaching their highest level since mid-July.

The stocks of the online optician Mister Spex also rose sharply, gaining 5.83 percent to 2.54 euros, continuing their recovery attempt from the previous day after a record low.

In a recent study, analyst Cedric Rossi highlights that the German eyewear market grew only moderately in the first half of 2024, but both companies were still able to gain market share. Rossi rates the Fielmann stock as a "Buy" with a price target of 58 euros. The same applies to Mister Spex, for which he sets a price target of 7 euros.

The analyst's optimistic assessments reflect the solid market position of both companies and support their positive outlook despite a challenging market environment.

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