LVMH: Credit Suisse raises target price
(CercleFinance.com) - Crédit Suisse maintains its "outperform" rating on the LVMH share, while increasing its corresponding target price to 520 euros (6% upside potential), compared with 475 euros previously.
"LVMH remains our preferred stock in our luxury universe", analysts say.
Crédit Suisse says that its EPS forecasts should increase by 4% in 2021-2022, as it consolidates Tiffany.
In addition, 2022 organic sales are expected to exceed their 2019 level by 18%, the broker says.
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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 remains our preferred stock in our luxury universe", analysts say.
Crédit Suisse says that its EPS forecasts should increase by 4% in 2021-2022, as it consolidates Tiffany.
In addition, 2022 organic sales are expected to exceed their 2019 level by 18%, the broker says.
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.