LVMH: Stifel reiterates rating before results
(CercleFinance.com) - LVMH will present its FY 2022 results on Thursday 26 January.
Before this publication, Stifel confirms its buy rating on the stock with a target price of 760 euros.
Stifel expects organic sales growth of +9% for the Fashion & Leather Goods division in Q4 2022 (compared to +22% in Q3 2022).
At the group level, the analyst targets EPS growth of +8% (vs. +19% in Q3 2022).
"The stock remains one of our top sector picks with a 12-month view due to expected market share gains for the Fashion & Leather division," the analyst added.
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