JPMorgan downgraded LVMH to Neutral from Overweight with a price target of EUR 790, down from EUR 835. The analyst remains positive on luxury fundamentals in the medium and long term, but sees little scope to chase the sector in the short term. There will likely be an opportunity to turn more constructive in the second half of next year, the analyst tells investors in a research note.
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Read More on LVMUY:
- LVMH price target lowered by EUR 15 at Deutsche Bank
- LVMH price target lowered to EUR 800 from EUR 820 at Barclays
- LVMH downgraded to Equal Weight from Overweight at Morgan Stanley
- LVMH Moet Hennessy Louis Vuitton SE (LVMUY) Declares Q4 Dividend: Important Details for Shareholders
- LVMH downgraded to Neutral from Buy at UBS
