LVMH: Jefferies initiates coverage with 'buy' rating
(CercleFinance.com) - Jefferies has initiated its coverage of the LVMH stock with a "buy" rating and a 12-month target price of 340 euros, describing the French luxury goods giant as a "stellar system" in its research note.
"LVMH is the biggest player in Luxury globally operating in six different sectors with a track record of outperformance despite its significant complexity," the broker pointed out.
The broker believes that the group will perform better than other companies due to its size, discipline and synergies, and that it will continue to do so.
"The stock has underperformed peers in LTM yet newsflow is solid," it added.
Copyright (c) 2018 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.
"LVMH is the biggest player in Luxury globally operating in six different sectors with a track record of outperformance despite its significant complexity," the broker pointed out.
The broker believes that the group will perform better than other companies due to its size, discipline and synergies, and that it will continue to do so.
"The stock has underperformed peers in LTM yet newsflow is solid," it added.
Copyright (c) 2018 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.