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Berenberg Bank Reaffirms Their Hold Rating on LVMH Moet Hennessy Louis Vuitton (0HAU)

Tipranks - Tipranks - Fri Jan 30, 3:12AM CST

In a report released today, Nick Anderson CFA from Berenberg Bank maintained a Hold rating on LVMH Moet Hennessy Louis Vuitton, with a price target of €570.00.

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Anderson CFA covers the Consumer Cyclical sector, focusing on stocks such as PUMA SE NPV, LVMH Moet Hennessy Louis Vuitton, and Compagnie Financiere Richemont SA. According to TipRanks, Anderson CFA has an average return of 5.6% and a 53.13% success rate on recommended stocks.

In addition to Berenberg Bank, LVMH Moet Hennessy Louis Vuitton also received a Hold from TD Cowen’s Oliver Chen in a report issued yesterday. 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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