Market Overview

Inter Parfums Initiated Buy At BWS Financial


In a report published Monday, analyst Hamed Khorsand of BWS Financial initiated coverage of Inter Parfums, Inc. (NASDAQ: IPAR) with a Buy rating and a price target of $45.

The company has entered into multi-year exclusive license agreements with its customers to take sole charge of the development, manufacturing and marketing of its fragrance. "IPAR is a special situation growth story in a well established fragrance market," the analyst stated.

Despite losing the Burberry line of fragrances in 2013, Inter Parfums has been developing new fragrance lines and adding new customers. The new product lines are expected to roll out over the next few quarters, offering growth to the company's investment story, despite the FX headwinds.

The company intends to launch several new perfumes in 2015, including under the brands of Lanvin, Oscar de la Renta and Jimmy Choo. According to BWS Financial, "New scents usually serve as a catalyst for revenue growth."

Not only does the analyst expect the company to be able to post revenue growth in the double digits going forward, he also expects the events planned for the forthcoming 19 months to drive upside for the stock valuation. The high profit margins of this business also benefit investors.

Latest Ratings for IPAR

Nov 2019MaintainsNeutral
Nov 2019DowngradesBuyNeutral
Nov 2019MaintainsNeutral

View More Analyst Ratings for IPAR
View the Latest Analyst Ratings

Posted-In: BWS FinancialAnalyst Color Initiation Analyst Ratings


Related Articles (IPAR)

View Comments and Join the Discussion!

Latest Ratings

MJP MorganMaintains13.0
IPARDA DavidsonMaintains76.0
TGTMorgan StanleyMaintains130.0
VCMorgan StanleyMaintains52.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Ascendiant Capital Initiates Energous With Buy

Dominion Q1 Earnings Top Expectations