Jefferies Initiates Coverage on LuxExperience (LUXE) with Hold Rating and $9.00 Price Target

Jefferies initiates coverage on LuxExperience (LUXE) with a Hold rating and a price target of $9.00. The analyst's cautious outlook reflects current market sentiments for LuxExperience. The company operates three segments: Luxury Mytheresa, Luxury NAP & MRP, and Off-Price YOOX & THE OUTNET, with the majority of revenue coming from the Mytheresa segment and Europe (excluding Germany). The average one-year price target for LUXE is $10.03, with an upside of 18.45% from the current price of $8.47. The average brokerage recommendation is 2.8, indicating a "Hold" status.