Spotlight On Luxury Retail As Louis Vuitton Reports Earnings Thursday
Portfolio Pulse from Surbhi Jain
LVMH Moet Hennessy Louis Vuitton SE (OTC:LVMHF) is set to report Q4 and full year 2023 earnings amidst a 30% decline from its 2023 highs. Concerns over the Chinese luxury market and normalization of growth post-pandemic have impacted the stock. Telsey Group maintains an Outperform rating with a $980 price target. LVMH's diversified portfolio and strategic moves, including acquisitions and executive appointments, are highlighted. The company expects growth in various segments, with Fashion and Leather Goods leading. LVMHF closed at $747.47 in the US and €683.40 in Paris.
January 25, 2024 | 1:42 pm
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LVMH is expected to report earnings with a focus on its performance in luxury retail. Despite a recent stock decline, Telsey Group maintains an Outperform rating and a high price target, indicating potential for recovery.
The positive outlook from Telsey Group, with an Outperform rating and a high price target, suggests confidence in LVMH's ability to recover from its recent decline. The anticipation of robust performance in key segments, strategic acquisitions, and executive appointments could drive investor optimism and potentially lead to a short-term positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100