LVMH: Invest Securities downgrades to 'Neutral'
(CercleFinance.com) - In a note released on Tuesday morning, Invest Securities has downgraded its "buy" rating on the LVMH stock to "neutral".
However, the broker has inched up its target price from 265 euros to 266 euros.
Cyclical growth could be close to peaking, the broker believes, while the luxury giant has started got off to a good start in 2018, with sales that are up 13% in organic terms (and even +15% when restated for the halt to the DFS concession at HK airport).
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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.
However, the broker has inched up its target price from 265 euros to 266 euros.
Cyclical growth could be close to peaking, the broker believes, while the luxury giant has started got off to a good start in 2018, with sales that are up 13% in organic terms (and even +15% when restated for the halt to the DFS concession at HK airport).
Copyright (c) 2018 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.