UBS has given LVMH Moët Hennessy Louis Vuitton a "Neutral" rating and set a price target of 629 euros.
According to analyst Zuzanna Pusz, the luxury goods group's US cognac business is not expected to improve in 2025, as per discussions with an industry consultant. The company also faces additional risks in this segment due to potential import duties.
The report, published on November 24, 2024, reflects UBS's cautious outlook on LVMH in light of ongoing market challenges.