Die kanadische Bank RBC hat das Kursziel für H&M SE0000106270 von 155 auf 150 schwedische Kronen gesenkt und die Einstufung auf "Sector Perform" belassen.
Smartex uses cameras and artificial intelligence to detect flaws in fashion textiles as they are produced, preventing fabrics from going to waste. Fashion has a big waste problem, with about a truckload of clothes thrown away and buried or burned every second, according to nonprofit the Ellen MacArthur Foundation.
Recent financial results missed expectations. Higher marketing expenses and heavy investment have hurt profitability; continued financial strain is expected. Tariffs and economic anxiety complicate turnaround efforts.
U.S. President Donald Trump's actions to raise import tariffs will drive prices up for American consumers, the CEO of fast-fashion retailer H&M said on Thursday, as the company shifts its supply chain to adapt to new trade barriers.
H&M reported first quarter earnings that came in below expectations, with analysts saying it was another disappointing update from the high street clothing chain. The shares fell 5% in early trading but by mid-morning were up 2%, having already fallen over 20% over the past six months.
H&M on Thursday posted weaker than expected first-quarter sales in a slow start to the year for the world's second-largest clothing retailer.
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