LVMH: Oddo BHF raises target price
(CercleFinance.com) - Oddo BHF reiterates its 'outperform' rating on LVMH shares, raising its target price for them from E698 to E771, mainly to reflect the effect of the change of financial year, the day after the presentation of its annual results.
The broker points to the publication by the world's number one luxury goods company, which shows slightly better sales growth in Q4, but an operating margin that is below expectations.
Noting also that positive signals on activity seem to have been confirmed in January, and that the worst is probably over for margins, the analyst makes no major change to his EBIT forecasts for 2025 and 2026.
Beyond the foreseeable short-term volatility of share prices, and despite a macro environment that is not yet completely clear, we maintain a favourable view of the investment case, based on the strength of the group's positions, Oddo BHF says.
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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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The broker points to the publication by the world's number one luxury goods company, which shows slightly better sales growth in Q4, but an operating margin that is below expectations.
Noting also that positive signals on activity seem to have been confirmed in January, and that the worst is probably over for margins, the analyst makes no major change to his EBIT forecasts for 2025 and 2026.
Beyond the foreseeable short-term volatility of share prices, and despite a macro environment that is not yet completely clear, we maintain a favourable view of the investment case, based on the strength of the group's positions, Oddo BHF says.
Copyright (c) 2025 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.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.