RBC Capital lowered the firm’s price target on LVMH (LVMUY) to EUR 550 from EUR 680 and keeps an Outperform rating on the shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LVMUY:
- LVMH price target lowered to EUR 510 from EUR 560 at Morgan Stanley
- Morning News Wrap-Up: Friday’s Biggest Stock Market Stories!
- Morgan Stanley Cuts LVMH Price Target, Citing ‘Industry Underperformance’
- LVMH price target lowered to EUR 657 from EUR 811 at Citi
- LVMH price target lowered to EUR 540 from EUR 610 at JPMorgan