Telsey Advisory analyst Dana Telsey lowered the firm’s price target on LVMH (LVMUY) to EUR 715 from EUR 820 and keeps an Outperform rating on the shares. Despite the geopolitical and economic disruptions, management was pleased with the brand’s resilience in Q1, the analyst tells investors. Additionally, the company plans to continue to invest in innovations, so it is well-positioned when exiting this “normalization phase,” the firm adds.
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