Baader Europe analyst Jie Zhang upgraded LVMH to Add from Reduce with a EUR 1,006 price target. The analyst believes the global luxury goods market will be driven by the rebound in China this year and that LVMH should be the biggest winner.
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Published first on TheFly
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Read More on LVMUY:
- LVMH upgraded to Buy from Hold at HSBC
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- LVMH price target raised to EUR 890 from EUR 800 at RBC Capital