Kepler ups Interparfums on rich product launch cycle
** Kepler Cheuvreux raises Interparfums IPAR.PA to "buy" from "hold" seeing the French fragrance maker entering a strong product cycle with improving earnings momentum
** The brokerage raises its PT by 56.5% to EUR 36, noting the firm's resilience, net cash position, high margins and asset-light model make the 2026 trough easier to absorb
** By 0734 GMT the stock is up 3.7% to EUR 29.7
** Kepler highlights the 2027 to 2028 product cycle as a key change, describing it as one of its "richest launch periods, with 26 initiatives over two years"
** It expects sales to recover from €860 million ($967.84 million) in 2026 to near €1 billion by 2028
** Among the 10 analysts covering Interparfums, 6 rate the stock "strong buy" or "buy," 3 rate "hold" and 1 rates the stock "sell" - LSEG data
($1 = 0.8886 euros)