LVMH: Invest Securities still a buyer, but reduces TP
(CercleFinance.com) - While reducing its target price for the share from 746 euros to 716 euros, Invest Securities maintains a "buy" rating on it, saying that the company is a huge and inescapable leader that has a strategy that aims to constantly strengthen its hold on the global luxury market.
According to the broker, the group's resources give it an unrivalled competitive advantage that is worth a few extra points of growth above its peers over the long term. In this respect, it expects a lot from the integration of Tiffany.
However, the real question that continues to nag is whether the landing of outstanding growth in the luxury goods market in the global recovery is likely to disappoint the expectations of a very choppy stockmarket, the analyst warns.
This morning the share is pretty flat at about 620 euros.
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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.
According to the broker, the group's resources give it an unrivalled competitive advantage that is worth a few extra points of growth above its peers over the long term. In this respect, it expects a lot from the integration of Tiffany.
However, the real question that continues to nag is whether the landing of outstanding growth in the luxury goods market in the global recovery is likely to disappoint the expectations of a very choppy stockmarket, the analyst warns.
This morning the share is pretty flat at about 620 euros.
Copyright (c) 2021 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.