LVMH: hailing Louis Vuitton, UBS maintains buy rating
(CercleFinance.com) - UBS this morning confirmed its buy rating on the share of French luxury goods group LVMH, which is up 5% at lunchtime today after the group published quality FY accounts.
The broker maintains its 12-month target price at 325 euros, which represents upside potential of 18%.
Analysts welcome the impressive acceleration of organic growth at the Fashion & Leather Goods division between Q3 and Q4 (+17%).
"UBS Evidence Lab tools show that Louis Vuitton continues to resonate well with key consumers which supports out confidence in the outlook for this key brand into 2019," the broker says in its report. UBS has also raised its organic growth forecast from 7% to 8% for LVMH's Fashion & Leather Goods division in 2019.
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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 broker maintains its 12-month target price at 325 euros, which represents upside potential of 18%.
Analysts welcome the impressive acceleration of organic growth at the Fashion & Leather Goods division between Q3 and Q4 (+17%).
"UBS Evidence Lab tools show that Louis Vuitton continues to resonate well with key consumers which supports out confidence in the outlook for this key brand into 2019," the broker says in its report. UBS has also raised its organic growth forecast from 7% to 8% for LVMH's Fashion & Leather Goods division in 2019.
Copyright (c) 2019 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.