Telsey Advisory analyst Dana Telsey raised the firm’s price target on LVMH (LVMUY) to $585 from $575 and keeps an Outperform rating on the shares. The company’s Q3 organic sales growth rate beat expectations and the company saw improvements across geographies in the quarter, the analyst tells investors. While the company has experienced near-term disruptions, the firm believes LVMH has some of the “strongest luxury brands” in the world.
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