(CercleFinance.com) – LVMH gained 3.3% on the Paris stock exchange, after the presentation last night of solid results for the 2021 financial year. In this context, Invest Securities reaffirmed its ‘buy’ recommendation on the stock. with a target price raised from 714 to 755 euros.
‘While the question of knowing at what level the growth in turnover will be balanced remains, LVMH has, beyond the power of its fashion-leather goods division, multiple sources of growth, in wines-spirits, in jewelery , not to mention late retail ‘, judges the analyst.
That said, the research department considers that its target price updated to 755 euros ‘remains moderately profitable, while at the same time, the bearish sensitivity is increased for a value at multiple highs’.