Goldman Sachs downgrades Interparfums to Neutral, sees flat 2026 before blockbuster 2027 launches

Analyst
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Summary · why it matters

Goldman Sachs downgraded Interparfums to Neutral from Buy while raising its price target by 17% to $129. Analyst Aron Adamski expects fiscal 2026 organic growth to be broadly flat before reaccelerating in fiscal 2027 and 2028, supported by one of the company's busiest-ever blockbuster launch calendars. The launches of Longchamp's debut fragrance line and the Off-White brand, both set for 2027, are projected to drive organic sales growth of 10% in fiscal 2027 and above 6% the following year. Adamski also lowered fiscal 2026 and 2027 earnings per share estimates by 0.3% and 3.3% to $4.87 and $5.30, respectively, citing latest industry trends and exchange rate movements.

Impact on stocks 1

Consumer Staples▲ · 1 stocks
Inter Parfums Inc
IPAR
± MixedCapitalrelevance

Downgrade to Neutral with raised price target and lowered EPS estimates; mixed signals.

Off-coverage companies 2

LongchampPrivate▲ Positive
Demandrelevance

Longchamp's debut fragrance line in 2027 is a key growth driver for Interparfums.

Off-WhitePrivate▲ Positive
Demandrelevance

Off-White brand launch in 2027 is projected to boost organic sales growth.

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