Accueil > Actualité
Actualite financiere : Actualite bourse

LVMH: Credit Suisse still a buyer

(CercleFinance.com) - Credit Suisse reiterates its "outperform" rating on the LVMH share, having raised its corresponding target price from 420 euros to 425 euros, with an increase in peer multiples offsetting reductions in its EPS estimates for the luxury group.


The broker is not unchanging its assumption of a 16% decline in organic sales for 2020, although is reducing its estimate for operating profit by 12% to 7.3 billion euros, followed by 3% for OP in 2021 and 2022.

"We continue to consolidate Tiffany from 2H and our FY22e organic sales and operating profit numbers sit 8% and 4% above FY19 levels," Crédit Suisse adds.


Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
 

societes

marches

tendances

 
Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.