Bernstein Says Richemont Top Luxury Choice for FY26 on 'Strong' Jewellery Momentum

02:26 AM EST, 01/05/2026 (MT Newswires) -- Compagnie Financière Richemont's (CFR.SW, CFR.JO) is Bernstein's top preference among global luxury goods companies for 2026, supported by its "strong" jewellery momentum and leadership. In an outlook report published on Monday, the research firm noted the Swiss company's "leading" position in jewellery with brands like Cartier and Van Cleef & Arpels, alongside its "succession ready" organization and improved capital allocation discipline. "Our base case scenario for FY26E anticipates a gradual recovery of global luxury demand with steady currency growth around 5%," according to the report. "This assumes a slow U-shaped revival in China despite fragile economic conditions, pricing architecture adjustment and product newness refreshes from the luxury brands, and a continuation of resilient performance at the high end driven by buoyant demand at the top." Bernstein reiterated its outperform rating on the stock, with a price target of 200 francs.