Barclays upgraded LVMH (LVMUY) to Overweight from Equal Weight with a price target of EUR 600, up from EUR 570. The firm sees the company growing its luxury market share while delivering on its self-help initiatives. LVMH shares are trading at a historical discount with no major downside risk to consensus estimates, As previously reported,
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Read More on LVMUY:
- LVMH price target lowered to EUR 606 from EUR 621 at Citi
- LVMH price target lowered to EUR 560 from EUR 570 at Berenberg
- LVMH price target lowered to EUR 600 from EUR 620 at Deutsche Bank
- LVMH reports Q1 organic revenue down 6% year-over-year
- LVMH price target lowered to EUR 600 from EUR 715 at Telsey Advisory
