LVMH: Crédit Suisse raises target price
(CercleFinance.com) - The broker reinstates its outperform rating on the LVMH share, while raising its target price to 450 euros (vs.
Crédit Suisse particularly bases its stance on the reduction in the group's net debt and estimates that EPS will increase by 1% overall in FY 2020 and 2021.
In Q3, the group's revenue is expected to grow by 2% Crédit Suisse estimates, driven by the sales by Louis Vuitton and Dior, particularly in the US and China.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.