LVMH: Invest Securities upgrades stock
(CercleFinance.com) - Invest Securities has upgraded its rating on LVMH shares from "neutral" to "buy", having increased its corresponding target price from 538 euros to 634 euros, on the back of a significant increase in its forecasts at all levels, starting with organic growth (which it has raised to +25% for the year, compared with +18% previously).
The striking aspect of an acceleration in growth leads analysts to believe that the potential for revisions has not been exhausted, including - regarding the broker's new forecasts (+1 billion euros in annual EBIT), the broker adds.
In particular, the broker points out the recovery in China, which could fully offset losses elsewhere, with analysts also noting the strength of the recovery in the US.
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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.
The striking aspect of an acceleration in growth leads analysts to believe that the potential for revisions has not been exhausted, including - regarding the broker's new forecasts (+1 billion euros in annual EBIT), the broker adds.
In particular, the broker points out the recovery in China, which could fully offset losses elsewhere, with analysts also noting the strength of the recovery in the US.
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.