LVMH: Crédit Suisse raises target price

(CercleFinance.com) - The broker reinstates its outperform rating on the LVMH share, while raising its target price to 450 euros (vs.
425 euros).

Crédit Suisse particularly bases its stance on the reduction in the group's net debt and estimates that EPS will increase by 1% overall in FY 2020 and 2021.

In Q3, the group's revenue is expected to grow by 2% Crédit Suisse estimates, driven by the sales by Louis Vuitton and Dior, particularly in the US and China.


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