ubs reduces lvmh target price to 629 euros maintaining neutral stance

LVMH Moët Hennessy Louis Vuitton SE, the world's leading luxury goods supplier, has had its target price revised by UBS to 629 euros. UBS has also maintained a 'Neutral' rating on the company.

LVMH generates the majority of its net sales from fashion and leather goods, which make up 48.9% of total sales. Some of its well-known brands in this category include Louis Vuitton, Kenzo, and Fendi. The company also earns revenue from watches and jewelry (12.8%), with brands like Bulgari and Tiffany, as well as perfumes and cosmetics (9.6%), including Christian Dior and Guerlain. Wines and spirits contribute 7.7% to LVMH's sales, with key players being Moët & Chandon and Hennessy.

The company distributes its products through a global network of 6,097 points of sale, with significant sales distribution in Asia (30.8%) and the United States (25.3%).

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