LVMH: Credit Suisse adjusts target price
(CercleFinance.com) - Credit Suisse analysts today said that they are cuttng their target price for the share of LVMH group from 435 euros to 380 euros, while confirming their "outperform" rating on the share.
"Following the lockdown measures announced by various Western countries including store closures, we cut our FY20e organic sales and operating profit forecasts by 6% and 14%. We also take a cautious view on the shape of the rebound," the broker said.
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"Following the lockdown measures announced by various Western countries including store closures, we cut our FY20e organic sales and operating profit forecasts by 6% and 14%. We also take a cautious view on the shape of the rebound," the broker said.
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.