LVMH added to ‘Tactical Outperform’ list at Evercore ISI

Evercore ISI analyst Omar Saad is adding LVMH to the firm’s "Tactical Outperform" list, calling it still "one of the more undervalued stocks we cover" despite shares being up 150% from the bottom of COVID. The French luxury conglomerate is "particularly well positioned for both sticky inflation and the post-lockdown China recovery," said the firm, which has an Outperform rating and EUR 900 price target on LVMH shares.