LVMH: UBS still a buyer, raises target price
(CercleFinance.com) - UBS reinstates its "buy" rating on LVMH shares, having increased its target price for them from 748 euros to 795 euros, which represents upside potential of 18%, the day after the world's leading luxury goods company released its H1 results.
"H1 results confirmed the structural upside to group's operating margin, thus driving further positive earnings momentum," the broker summarises.
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