LVMH: stock up on broker's comments
(CercleFinance.com) - The LVMH share is up 3.
3%, thereby outperforming the CAC40 (+1,9%), with Credit Suisse reiterating its "outperform" rating on the share and raising its target price from 360 euros to 420 euros, after it raised its raised 2021-2022 EPS estimates by 3%-5%.
The broker says that it has seen encouraging signs in recent months, citing price increases at Louis Vuitton in May, and sees the group as a long-term beneficiary of accelerating secular trends in luxury goods.
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