LVMH: optimistic, Oddo BHF still a buyer
(CercleFinance.com) - On Friday an analyst at Oddo BHF confirmed a "buy" rating on the LVMH share, hailing growth momentum that is still visible in 2020 despite the context.
Thus, the analyst has "moderately" raised his 2020 forecasts, after a fairly convincing end to 2019. Comments made by LVMH's management suggest that 2020 got off to a good start for the group's brands in soft luxury and he understands that Dior - which clearly took off in 2019 - still has significant potential, given new collections that are being prepared, while LV is continuing with its growth trajectory, the broker notes.
The broker confirms its target price of 471 euros for the share, meaning upside potential of 18%.
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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.
Thus, the analyst has "moderately" raised his 2020 forecasts, after a fairly convincing end to 2019. Comments made by LVMH's management suggest that 2020 got off to a good start for the group's brands in soft luxury and he understands that Dior - which clearly took off in 2019 - still has significant potential, given new collections that are being prepared, while LV is continuing with its growth trajectory, the broker notes.
The broker confirms its target price of 471 euros for the share, meaning upside potential of 18%.
Copyright (c) 2020 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.