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Equity valuation : Hennes and Mauritz

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Equity Valuation is both a science and an art, whoever looks at it from only one perspective might very well miss it half of the times. This Dissertation will cover both dimensions on the literature review and valuation exercise respectively. On the aftermath, a target price of SEK 246 and a NEUTRAL investment recommendation were attributed to the Swedish worldwide apparel retailer – H&M. Ultimately, these results were compared to BoAML report from 09/26/2013, highlighting structural differences on the investment cases.

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