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Analysts at Monetary establishment of America have picked out magnificence shares that they think about will come once more “stronger than ever” from the coronavirus pandemic.
All through the magnificence enterprise, the “sweet scent of different” is susceptible to return from the $26 billion perfume market, in response to BofA in a evaluation observe printed in Would possibly.
Whereas fragrance product sales decreased $5 billion year-over-year in 2020, the sector is prepared for a rebound due partly to a better e-commerce experience for purchasers, the analysts acknowledged. Some fragrance producers may become part of a “billionaire membership,” they added, which suggests they might make better than $1 billion in annual product product sales.
BofA’s buy-rated stock picks are: