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Deutsche Bank Reaffirms Their Buy Rating on LVMH Moet Hennessy Louis Vuitton (0HAU)

Tipranks - Tipranks - Thu Apr 2, 7:46AM CDT

Deutsche Bank analyst Adam Cochrane maintained a Buy rating on LVMH Moet Hennessy Louis Vuitton today and set a price target of €620.00.

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According to TipRanks, Cochrane is an analyst with an average return of -6.9% and a 34.55% success rate. Cochrane covers the Consumer Cyclical sector, focusing on stocks such as PUMA SE NPV, Inditex, and H&M Hennes & Mauritz AB Class B.

In addition to Deutsche Bank , LVMH Moet Hennessy Louis Vuitton also received a Buy from RBC Capital’s Piral Dadhania in a report issued yesterday. However, on the same day, TipRanks – Google downgraded LVMH Moet Hennessy Louis Vuitton (LSE: 0HAU) to a Hold.

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Based on LVMH Moet Hennessy Louis Vuitton’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €41 billion and a net profit of €5.18 billion. In comparison, last year the company earned a revenue of €43.01 billion and had a net profit of €5.28 billion

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