Bryan Garnier - HM Hennes and Mauritz AB (HM) H M: Another step forward in its digital transformation | BUY | SEK195

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Bryan Garnier

Cedric Rossi

H & M: Another step forward in its digital transformation | BUY | SEK195

H & M - BUY | SEK195(+26%)
Another step forward in its digital transformation

Three reasons why integrated inventory management is key
Net store closures to accelerate as omnichannel progresses
Record stock levels, but healthy assortment mix
We nudge up our FY20-21 estimates by c.2%; Buy rating reiterated

02/10/2020 5 EN

Underlying

HM Hennes and Mauritz AB

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Provider

Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Analysts

Cedric Rossi

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H & M: Another step forward in its digital transformation | BUY | SEK195

Luxury & Fashion: Sales growth or margin protection? H&M seems to have chosen the former

H & M: Q2 sales topped CS expectations by 2% | NEUTRAL | SEK190

H & M: Zone of turbulence | NEUTRAL vs. BUY | SEK190 VS. SEK225 (+46%)

Ebusco: The expert e-bus platform

Nikola Corp: The dual e-trucking arm

Electrifying the future of on-road HDVs

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