Morgan Stanley upgraded LVMH (LVMUY) to Overweight from Equal Weight with a price target of EUR 820, up from EUR 630. While the company should face a number of challenges in 2025, its prospects have materially improved in recent weeks, due to more favorable industry dynamics but also company-specific factors, the analyst tells investors in a research note.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LVMUY:
- Diageo says it has no plans to sell Guinness brand, Moet Hennessy stake
- Diageo reviewing drinks portfolio, possible Guinness spin, Bloomberg says
- TikTok comes back online in U.S., Schwab reports Q4 beat: Morning Buzz
- LVMH in spotlight as Paris Olympic medals tarnish, NY Times reports
- Love Him or Hate Him, Elon Musk Will Be the World’s First Trillionaire