LVMH: Oddo says 'buy' with 'impressive' elements
(CercleFinance.com) - On Friday morning, an Oddo BHF analyst confirmed a "buy" recommendation on the LVMH share, highlighting elements of resilience that are impressive, after the publication of Q1 2020 sales.
The broker says that leaving the lockdown presents many challenges and that the macro context could well take its toll until the end of the year. This means that forecasts therefore remain highly uncertain, but the group has demonstrated an undeniable resistance capacity, benefiting from intrinsic demand that remains robust - particularly in soft luxury, which analysts appreciate.
Oddo BHF thus confirms its target price of 352 euros for the share.
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