UBS kept a neutral stance on Kering (EURONEXT:KER), saying the luxury group must demonstrate cost cuts and a clearer Gucci recovery ahead of 2Q results even as shares rose about 2.6% to €252.10; Rothschild has taken over Kering’s Euronext liquidity contract with no change to terms or resources.
Previous Week Recap
- Kering Neutral, Wait for Recovery: UBS kept a neutral view on Kering (KER), saying the firm must show cost cuts and clearer Gucci recovery before 2Q results; Kering shares rose ~2.6% to €252.10.
- Rothschild Takes Kering Liquidity Contract: Rothschild & Co Global Markets Solutions (Europe) SA took over Kering SA’s Euronext Paris liquidity contract for ticker FR0000121485 on July 1, 2026; Kering says terms and resources are unchanged.
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.