LVMH downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley analyst Edouard Aubin downgraded LVMH (LVMUY) to Equal Weight from Overweight with an unchanged price target of EUR 635. The stock’s valuation is trading towards the top of its 20-year range, the analyst tells investors in a research note. Morgan Stanley sees a lack of catalysts to push the stock higher in the coming weeks.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LVMUY:
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
This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.