J.P. Morgan Sticks to Its Hold Rating for LVMH Moet Hennessy Louis Vuitton (0HAU)
J.P. Morgan analyst Chiara Battistini maintained a Hold rating on LVMH Moet Hennessy Louis Vuitton yesterday. The company’s shares closed last Thursday at €591.40.
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Battistini covers the Consumer Cyclical sector, focusing on stocks such as Compagnie Financiere Richemont SA, Hugo Boss, and Hermes International. According to TipRanks, Battistini has an average return of 10.7% and a 64.09% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for LVMH Moet Hennessy Louis Vuitton with a €658.13 average price target, implying an 11.28% upside from current levels. In a report released on January 19, Morgan Stanley also downgraded the stock to a Hold with a €635.00 price target.
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
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- LVMH downgraded to Equal Weight from Overweight at Morgan Stanley
- 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
