LVMH: UBS raises target price
(CercleFinance.com) - UBS has reinstated its "buy" rating on LVMH shares, having increased its corresponding target price from 623 euros to 640 euros, representing upside potential of 15% for the share of the world's leading luxury goods company, seeing a "strong first quarter to set the tone for the rest of the sector".
The broker explains that it is raising its estimates for LVMH ahead of its first quarter results, and expects that "the upcoming earnings season to be a positive catalyst for further upward earnings revision".
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The broker explains that it is raising its estimates for LVMH ahead of its first quarter results, and expects that "the upcoming earnings season to be a positive catalyst for further upward earnings revision".
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.