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J.P. Morgan Sticks to Its Hold Rating for LVMH Moet Hennessy Louis Vuitton (0HAU)

Tipranks - Tipranks - Thu Jan 29, 9:36AM CST

In a report released today, Chiara Battistini from J.P. Morgan maintained a Hold rating on LVMH Moet Hennessy Louis Vuitton, with a price target of €610.00.

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According to TipRanks, Battistini is a 4-star analyst with an average return of 10.7% and a 64.09% success rate. Battistini covers the Consumer Cyclical sector, focusing on stocks such as Compagnie Financiere Richemont SA, Hugo Boss, and LVMH Moet Hennessy Louis Vuitton.

In addition to J.P. Morgan, LVMH Moet Hennessy Louis Vuitton also received a Hold from Jefferies’s James Grzinic in a report issued today. However, on the same day, Deutsche Bank maintained a Buy 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 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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