L'Oreal: UBS reiterates buy rating
(CercleFinance.com) - UBS confirms its buy rating on the L'Oréal share with a target price of E495 after the announcement of LVMH's Q3 2023 results.
The analyst highlights "Perfumes & Cosmetics (modest) sequential slow down in Q3 likely to be viewed as a negative read across for OR but already in our forecasts and Q3 to reassure".
Investors' fears concern the slowdown of business in China.
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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.
The analyst highlights "Perfumes & Cosmetics (modest) sequential slow down in Q3 likely to be viewed as a negative read across for OR but already in our forecasts and Q3 to reassure".
Investors' fears concern the slowdown of business in China.
Copyright (c) 2023 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.