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Berenberg Bank Sticks to Their Hold Rating for LVMH Moet Hennessy Louis Vuitton (0HAU)

Tipranks - Tipranks - Fri Jun 12, 1:00AM CDT

In a report released yesterday, Nick Anderson CFA from Berenberg Bank maintained a Hold rating on LVMH Moet Hennessy Louis Vuitton, with a price target of €420.00. The company’s shares closed yesterday at €487.65.

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According to TipRanks, Anderson CFA is ranked #7611 out of 12239 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for LVMH Moet Hennessy Louis Vuitton with a €560.25 average price target, a 14.89% upside from current levels. In a report released on May 28, DBS also maintained a Hold rating on the stock with a €502.00 price target.

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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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