UPDATE: Piper Jaffray Raises PT to $23 on Inter Parfums Following Q4 Report - Inter Parfums (NASDAQ:IPAR)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Piper Jaffray maintained Inter Parfums (NASDAQ: IPAR) with a Neutral rating and raiseed the price target from $22.00 to $23.00.Piper Jaffray analyst Neely J.N. Tamminga commented, "We are reiterating our Neutral rating and raising our price target from $22 to $23 following IPAR's Q4 earnings release. Management reiterated its 2013 guidance for revenue of about $480 million and EPS between $0.90 and $0.92. We are encouraged to see that the board raised its dividend by 50% to $0.48 annually, as we believe it is responsible to balance growth opportunities with cash distribution to shareholders as IPAR transitions into its post-Burberry phase."Inter Parfums closed at $24.73 on Tuesday.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!