LVMH: UBS trims TP after Q3 results
(CercleFinance.com) - UBS reiterates its "buy" recommendation on LVMH, although has reduced its target price for them from E837 to E829.
4, with its new target price still representing 13% upside potential for the French luxury giant's shares.
"Q3 results confirmed rapidly normalising trends and ST limited visibility in luxury", the broker acknowledges, which nevertheless believes that "LVMH remains one of the best stocks to own in this context".
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.
4, with its new target price still representing 13% upside potential for the French luxury giant's shares.
"Q3 results confirmed rapidly normalising trends and ST limited visibility in luxury", the broker acknowledges, which nevertheless believes that "LVMH remains one of the best stocks to own in this context".
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.