LVMH: stock up on broker comments

(CercleFinance.com) - LVMH was a big winner in the CAC 40 yesterday after Bernstein raised its target price for the share, which it still considers as a "winner" in the luxury sector.


The stock closed up about 0.7%, while the CAC finished up around 0.2% in comparison.

In its sector report Bernstein increased its target price for the share from 781 euros to 811 euros, maintaining an "outperform" rating on it.

While pointing out that the share is trading 29% above its annual lows, the broker says that it considers the French group to be a "winner" in the sector, alongside the Italian company Moncler.

In its study, Bernstein has increased its earnings estimates for major sector players after H1, which it considers particularly successful.


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