LVMH: broker comments help limit stock's fall

(CercleFinance.com) - Down 1.
3% today, the LVMH stock is slightly outperforming the CAC40 (-1.8%), with support from positive comments made by Morgan Stanley, which resinstates its "overweight" recommendation and target price of 380 euros for the share.

"The desirability of LVMH's key brands currently remains very high; this should allow the group to continue to grow consistently and profitably," the broker said in its research note.


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