LVMH: UBS cuts target price
(CercleFinance.com) - UBS maintains its "buy" rating on LVMH shares, although has reduced its target price for them from E915 to E837 - however, this new lower TP still offers 17% upside potential for the world's leading luxury goods company.
While the broker believes that the French group's Q3 results will serve as a reminder of the sector's normalised growth rates, it considers that "LT structural attractiveness of LVMH and the wider sector remain unchanged".
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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.
While the broker believes that the French group's Q3 results will serve as a reminder of the sector's normalised growth rates, it considers that "LT structural attractiveness of LVMH and the wider sector remain unchanged".
Copyright (c) 2023 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.