LVMH: Morgan Stanley confident about Dior in China
(CercleFinance.com) - Morgan Stanley analysts have confirmed their buy rating on the share of French luxury group LVMH this morning.
Alongside this rating, the broker has raised its corresponding target price from 380 euros to 390 euros.
In the research note, which says, "Dior shining in China": analysts believe that Christian Dior "is one of the largest and fastest growing luxury brands in China." This is also true for cosmetic products with the Dior logo.
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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.
Alongside this rating, the broker has raised its corresponding target price from 380 euros to 390 euros.
In the research note, which says, "Dior shining in China": analysts believe that Christian Dior "is one of the largest and fastest growing luxury brands in China." This is also true for cosmetic products with the Dior logo.
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.