LVMH: Credit Suisse raises target price
(CercleFinance.com) - Crédit Suisse maintains its "outperform" rating on the LVMH share, while increasing its corresponding target price to 520 euros (6% upside potential), compared with 475 euros previously.
"LVMH remains our preferred stock in our luxury universe", analysts say.
Crédit Suisse says that its EPS forecasts should increase by 4% in 2021-2022, as it consolidates Tiffany.
In addition, 2022 organic sales are expected to exceed their 2019 level by 18%, the broker says.
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