LVMH: Jefferies raises target price

(CercleFinance.com) - Jefferies reinstates its 'buy' rating on LVMH shares, having increased its target price for them from 660 euros to 750 euros, judging that "the stock remains a core holding in the space at this time", believing that "sector momentum has more to go".


"FLG continues to be the growth engine (est FY21 23%>FY19) with superior execution but expect other categories to start delivering accretive contributions in coming quarters," the broker says.


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