ubs raises lvmh target to 648 euros amid strong luxury sales

LVMH Moët Hennessy Louis Vuitton SE, the world's leading supplier of luxury products, has had its target price increased by UBS to 648 euros. UBS has maintained a 'Neutral' rating on the company. LVMH generates its net sales primarily from fashion and leather goods, which make up 48.9% of total sales. The company owns well-known brands such as Louis Vuitton, Kenzo, and Fendi.

Other revenue streams for LVMH include watches and jewelry at 12.8%, perfumes and cosmetics at 9.6%, and wines and spirits at 7.7%. LVMH holds the top position in the champagne and cognac markets. The remaining 21% of sales come from selective distribution channels, including Sephora and La Samaritaine.

LVMH plans to have a global network of 6,097 points of sale by the end of 2023, with Asia accounting for 30.8% of sales, followed by the United States at 25.3% and Europe at 16.4%.

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