LVMH: Oddo BHF initiates covereage with 'buy'
(CercleFinance.com) - Oddo BHF has begun to monitor the LVMH share with a "buy" rating and a target price of 471 euros (12% upside), in a report on the five major capitalisations in the European luxury goods sector.
Analysts have a clearly positive stance regarding the three soft luxury giants, Hermès, LVMH and Kering ("buy" ratings on all three) for which it expects top line growth to remain above 5% p.a. over the next few years.
However, the broker says that it is more cautious regarding Richemont and Swatch, which seem to have lower growth outlooks, adds the analyst who monitors the shares. Indeed, he has adopted "reduce" ratings on the shares of these two Swiss sector players.
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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.
Analysts have a clearly positive stance regarding the three soft luxury giants, Hermès, LVMH and Kering ("buy" ratings on all three) for which it expects top line growth to remain above 5% p.a. over the next few years.
However, the broker says that it is more cautious regarding Richemont and Swatch, which seem to have lower growth outlooks, adds the analyst who monitors the shares. Indeed, he has adopted "reduce" ratings on the shares of these two Swiss sector players.
Copyright (c) 2020 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.