LVMH : Oddo raises its price target
At this stage, and in view of a global luxury goods market that we expect to grow at a measured pace in 2023, we think it prudent to count on moderate additional upside potential, and that suggested by our OC on LVMH remains competitive in relative terms", it judges.
The research department also persists in believing that 'the luxury leader's investment case is above average', pointing to the well-maintained momentum of major brands and favorable exposure to the recovery in Chinese tourism.
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