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Analysts at Bank of America have picked out beauty stocks that they imagine will come again “stronger than ever” from the coronavirus pandemic.
Within the beauty trade, the “candy scent of alternative” is prone to come from the $26 billion fragrance market, based on BofA in a analysis observe revealed in May.
While perfume gross sales decreased $5 billion year-over-year in 2020, the sector is about for a rebound due partially to a higher e-commerce expertise for buyers, the analysts stated. Some perfume manufacturers could change into a part of a “billionaire membership,” they added, that means they could make greater than $1 billion in annual product gross sales.
BofA’s buy-rated inventory picks are:
