📖 Your Q2 Earnings Guide: Discover the Stocks ProPicks AI Highlights to Jump Post-EarningsRead more

Jefferies raises LVMH target to EUR790 on steady market share

EditorBrando Bricchi
Published 26/03/2024, 05:22 am
© Reuters.
LVMUY
-

On Monday, Jefferies updated its stance on LVMH Moet Hennessy Louis Vuitton SE (MC:FP) (OTC: OTC:LVMUY), a leading luxury goods company. The firm increased the price target for LVMH to €790 from the previous target of €695 while maintaining a Hold rating on the shares.

The adjustment follows LVMH's fourth-quarter sales, which, according to Jefferies, did not outperform the industry towards the end of 2023. Investors are now looking forward to understanding the impact of the company's margin preservation strategies on its first-quarter performance. Jefferies anticipates that LVMH's market share in the Fashion & Leather Goods (F&LG) sector will remain relatively unchanged.

Jefferies also noted that financial analysts might need to slightly lower their full-year estimates for LVMH. The new price target of €790 reflects a significant revaluation of European high-quality consumer brands, as observed by the firm.

LVMH, known for its portfolio of luxury brands, has been closely watched by investors for signs of growth and market share stability in a competitive sector. The company's focus on maintaining profit margins while navigating market dynamics is a point of interest for those tracking its financial health and strategic direction.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.