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.
Published first on TheFly
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