Berenberg Downgrades Hermès International to Hold Rating, Cuts PT

08:41 AM EDT, 10/23/2026 (MT Newswires) -- Berenberg Research on Friday downgraded French luxury retailer Hermès International (RMS.PA) to hold from buy and decreased its price target to 12.30 euros from 18.50 euros. (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)