Bernstein Sticks to Their Buy Rating for LVMH Moet Hennessy Louis Vuitton (0HAU)
In a report released today, Luca Solca from Bernstein maintained a Buy rating on LVMH Moet Hennessy Louis Vuitton, with a price target of €700.00.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Solca covers the Consumer Cyclical sector, focusing on stocks such as EssilorLuxottica SA, LVMH Moet Hennessy Louis Vuitton, and Kering SA. According to TipRanks, Solca has an average return of 11.6% and a 63.87% success rate on recommended stocks.
In addition to Bernstein, LVMH Moet Hennessy Louis Vuitton also received a Buy from UBS’s Zuzanna Pusz in a report issued on December 12. However, on December 15, Berenberg Bank maintained a Hold rating on LVMH Moet Hennessy Louis Vuitton (LSE: 0HAU).
Based on LVMH Moet Hennessy Louis Vuitton’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €39.81 billion and a net profit of €5.7 billion. In comparison, last year the company earned a revenue of €41.68 billion and had a net profit of €7.27 billion
Read More on GB:0HAU:
Disclaimer & DisclosureReport an Issue
- LVMH price target raised to EUR 715 from EUR 585 at Telsey Advisory
- LVMH price target raised to EUR 580 from EUR 560 at Barclays
- LVMH price target raised to EUR 715 from EUR 635 at Deutsche Bank
- LVMH price target raised to EUR 610 from EUR 545 at JPMorgan
- LVMH price target raised to EUR 725 from EUR 680 at UBS
