LVMH: UBS raises target price
(CercleFinance.com) - Confirming its "buy" recommendation on LVMH, UBS has raised its corresponding target price from 355 euros to 380 euros, which now suggests 10% upside for the share of the world leader in luxury goods.
"LVMH sets a high bar for Q1 reporting season," the broker says. "The confident tone suggests 2019 could be another year of strong growth ," it continues, increasing its EPS estimates by 2%-3%.
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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.
"LVMH sets a high bar for Q1 reporting season," the broker says. "The confident tone suggests 2019 could be another year of strong growth ," it continues, increasing its EPS estimates by 2%-3%.
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.