Barclays downgraded LVMH (LVMUY) to Equal Weight from Overweight with a price target of EUR 550, down from EUR 755. The company’s U.S. market, which was considered to be LVMH’s main growth driver, is now at risk of decelerating, the analyst tells investors in a research note. The firm cites incremental headwinds facing the sector for the downgrade.
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