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LVMH: Jefferies still a buyer

( - After edging up about 1% yesterday - slightly outperforming the market, broker Jefferies maintains its buy recommendation on the LVMH stock, with a target price of 725 euros.

The analyst believes that its Q3 and 9m results were reassuring, especially in view of the 38% increase in the Fashion and Leather Goods segment compared to Q3 2019.

Analysts have not seen any new concerns and even though they remain cautious on the sector in the near term, they still consider LVMH to be structurally strong.

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