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LVMH Moet Hennessy Louis Vuitton (0HAU) was downgraded to a Hold Rating at RBC Capital

Tipranks - Tipranks - Wed Sep 23, 1:30AM CDT

RBC Capital analyst Piral Dadhania downgraded LVMH Moet Hennessy Louis Vuitton to a Hold today and set a price target of €475.00.

According to TipRanks, Dadhania is an analyst with an average return of -8.5% and a 31.35% success rate.

In addition to RBC Capital, LVMH Moet Hennessy Louis Vuitton also received a Hold from Berenberg Bank’s Nick Anderson CFA in a report issued on September 18. However, on September 17, Barclays 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 €38.64 billion and a net profit of €5.7 billion. In comparison, last year the company earned a revenue of €39.81 billion and had a net profit of €5.7 billion

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