UBS has given LVMH Moët Hennessy Louis Vuitton a "Neutral" rating and a target price of 660 euros, following disappointing third-quarter sales figures.
The fashion and leather goods division, which is the company's most profitable segment, had particularly underwhelming results. This assessment reflects concerns about the luxury market's resilience in the face of changing consumer behaviors.
UBS's cautious outlook on LVMH's growth potential in the near term aligns with investor expectations for further developments in the luxury sector.