Jefferies raises LVMH target to EUR790 on steady market share

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Jefferies raises LVMH target to EUR790 on steady market share
Credit: © Reuters.

On Monday, Jefferies updated its stance on LVMH (EPA: LVMH ) Moet Hennessy Louis Vuitton SE (MC:FP) (OTC: OTC: LVMUY ), a leading luxury goods company. The firm increased the price target for LVMH to €790 from the previous target of €695 while maintaining a Hold rating on the shares.

The adjustment follows LVMH's fourth-quarter sales, which, according to Jefferies, did not outperform the industry towards the end of 2023. Investors are now looking forward to understanding the impact of the company's margin preservation strategies on its first-quarter performance. Jefferies anticipates that LVMH's market share in the Fashion & Leather Goods (F&LG) sector will remain relatively unchanged.

Jefferies also noted that financial analysts might need to slightly lower their full-year estimates for LVMH. The new price target of €790 reflects a significant revaluation of European high-quality consumer brands, as observed by the firm.

LVMH, known for its portfolio of luxury brands, has been closely watched by investors for signs of growth and market share stability in a competitive sector. The company's focus on maintaining profit margins while navigating market dynamics is a point of interest for those tracking its financial health and strategic direction.

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