LVMH: Oddo raises target price
(CercleFinance.com) - Oddo BHF has reinstated its "outperform" rating on LVMH shares, having increased its corresponding target price from 575 euros to 608 euros (current price: 560 euros, +0.
4%), after the luxury goods group increased in its earnings estimates.
The broker says that LVMH remains its best pick because it combines robust fundamentals (management quality, leading soft luxury brands) and visible upside potential (even though not excessive), the analyst says.
While it notes that the luxury sector will continue to outperform the market in 2021 after an already impressive performance in 2020 - hence the rather high overall valuation levels - Oddo BHF considers that LVMH has relative upside potential.
Copyright (c) 2021 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.
4%), after the luxury goods group increased in its earnings estimates.
The broker says that LVMH remains its best pick because it combines robust fundamentals (management quality, leading soft luxury brands) and visible upside potential (even though not excessive), the analyst says.
While it notes that the luxury sector will continue to outperform the market in 2021 after an already impressive performance in 2020 - hence the rather high overall valuation levels - Oddo BHF considers that LVMH has relative upside potential.
Copyright (c) 2021 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.