LVMH Stock Recovers 15%: Analysts Divided Ahead of Q3 Results
LVMH stock has seen a significant recovery, gaining over 15% since hitting a three-year low three months ago. Analysts are divided, with 21 recommending buying, 14 advising to hold, and 1 suggesting selling. The average price target stands at 554 euros, indicating potential growth.
The stock's recovery could be sustained by positive third-quarter figures, due next week. RBC supports this optimism, advising to buy with a 550 euro target. Goldman Sachs raised its price target from 600 to 625 euros, predicting further growth. However, UBS increased its target from 487 to 513 euros but maintains a 'Neutral' rating, suggesting caution.
While Credit Suisse and Morgan Stanley's explicit opinions are not detailed, their involvement in providing earnings estimates and stock ratings indicates ongoing evaluation of LVMH's performance.
LVMH stock's recovery and analysts' varied opinions set the stage for the upcoming third-quarter figures. The average price target suggests potential upside, with RBC and Goldman Sachs expressing confidence. UBS's 'Neutral' rating offers a contrasting view, encouraging investors to consider all perspectives.
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