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Barclays upgrades LVMH Moet Hennessy Louis Vuitton (0HAU) to a Buy

Tipranks - Tipranks - Wed May 13, 1:00AM CDT

Barclays analyst Carole Madjo upgraded LVMH Moet Hennessy Louis Vuitton to a Buy today and set a price target of €600.00.

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According to TipRanks, Madjo is ranked #9430 out of 12186 analysts.

In addition to Barclays, LVMH Moet Hennessy Louis Vuitton also received a Buy from Bernstein’s Luca Solca in a report issued on April 28. However, yesterday, Berenberg Bank maintained a Hold rating on LVMH Moet Hennessy Louis Vuitton (LSE: 0HAU).

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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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