LVMH: Bryan Garnier raises target price.

(CercleFinance.com) - Bryan Garnier has confirmed its "buy" rating on the LVMH stock and has raised its fair value from 223 euros to 232 euros, representing upside potential of 8%, taking into account the integration of Rimowa in 2017 and Christian Dior Couture in 2018.


In the run-up to the luxury group's interim results, which will be published on 26 July, the broker expects a "very solid" publication, with an organic sales growth of 11% and an operating margin that could increase by 200 basis points to 19.2%.


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