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UBS has lowered its target price for LVMH Moët Hennessy Louis Vuitton SE to 629 euros, maintaining a 'Neutral' rating. The luxury giant's net sales are primarily driven by fashion and leather goods (48.9%), followed by watches and jewelry (12.8%), perfumes and cosmetics (9.6%), and wines and spirits (7.7%). Geographically, sales are concentrated in Asia (30.8%) and the United States (25.3%), with a global distribution network of 6,097 points of sale by the end of 2023.
UBS has reduced its price target for LVMH from 660 to 629 euros, maintaining a "Neutral" rating following disappointing third-quarter sales figures. Analyst Zuzanna Pusz noted that the weaker-than-expected performance is likely to dampen investor sentiment, with declining demand for luxury goods observed not only in China but globally.
UBS has reduced its price target for LVMH from 660 to 629 euros, maintaining a "Neutral" rating following disappointing third-quarter sales figures. Analyst Zuzanna Pusz noted that the weaker-than-expected performance is likely to dampen investor sentiment, with declining demand for luxury goods observed not only in China but globally.
UBS has lowered its price target for LVMH to €629 from €660, maintaining a Neutral rating after disappointing Q3 2024 sales figures. The group's organic sales growth fell by 3%, significantly underperforming consensus estimates, leading to a reduction in EPS forecasts for 2024-2026 by 3-4%. Total Q3 sales reached €19,076 million, 5% below consensus expectations.
LVMH Moët Hennessy Louis Vuitton SE, the global leader in luxury goods, generates sales primarily from fashion and leather goods (48.9%), followed by watches and jewelry (12.7%), perfumes and cosmetics (9.6%), and wines and spirits (7.7%). The company operates 6,097 stores worldwide, with significant sales contributions from Asia (30.8%) and the United States (25.3%).
UBS has lowered its price target for LVMH to €629 from €660, maintaining a Neutral rating after disappointing Q3 2024 sales figures. The group's organic sales growth fell by 3%, significantly underperforming consensus estimates, leading to a reduction in EPS forecasts for 2024-2026. Total Q3 sales reached €19,076 million, 5% below consensus expectations.
UBS has lowered its price target for LVMH, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has not influenced the analysis and holds no responsibility for its content. The institution maintains a conflict of interest management policy to ensure objectivity in its investment recommendations.
LVMH Moët Hennessy Louis Vuitton SE, a leader in luxury products, generates net sales primarily from fashion and leather goods (48.9%), followed by watches and jewelry (12.8%), perfumes and cosmetics (9.6%), and wines and spirits (7.7%). The company operates 6,097 stores globally, with significant sales in Asia (30.8%) and the United States (25.3%).
UBS has rated LVMH Moët Hennessy Louis Vuitton SE as 'Neutral' with a target price of 660 euros. The luxury giant's net sales are primarily driven by fashion and leather goods (48.9%), followed by watches and jewelry (12.8%), perfumes and cosmetics (9.6%), and wines and spirits (7.7%). Geographically, sales are concentrated in Asia (30.8%) and the United States (25.3%), with a global distribution network of 6,097 points of sale by the end of 2023.
UBS has maintained a "Neutral" rating on LVMH with a target price of 660 euros following disappointing third-quarter sales, particularly in the crucial fashion and leather goods division. Analyst Zuzanna Pusz expressed concerns over the group's performance in her initial reaction.
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