Zacks Investment Research upgraded shares of LVMH Moet Hennessy Louis Vuitton (OTCMKTS:LVMUY) from a sell rating to a buy rating in a report issued on Thursday, Zacks.com reports. The firm currently has $99.00 target price on the stock.
According to Zacks, “LVMH Moet Hennessy Louis Vuitton is an international group of companies that is principally engaged in the production and sale of prestigious luxury goods under world-famous brand names. The five different sectors in which the Company operates are: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry and Selective retailing. The company has expanded its international retail network all over the world. LVMH Moet Hennessy Louis Vuitton is headquartered in Paris, France. “
LVMUY has been the subject of a number of other research reports. ValuEngine cut shares of LVMH Moet Hennessy Louis Vuitton from a sell rating to a strong sell rating in a research note on Friday, November 1st. Evercore ISI upgraded shares of LVMH Moet Hennessy Louis Vuitton to an outperform rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. LVMH Moet Hennessy Louis Vuitton currently has a consensus rating of Buy and an average price target of $99.00.
About LVMH Moet Hennessy Louis Vuitton
LVMH Moët Hennessy – Louis Vuitton, Société Européenne operates as a luxury products company. The company operates through Wines and Spirits; Fashion and Leather Goods; Perfumes and Cosmetics; Watches and Jewelry; Selective Retailing; and Other Activities business groups. The company offers champagnes, wines, and spirits under the Ao Yun, Ardbeg, Belvedere, Bodega Numanthia, Cape Mentelle, Chandon, Château Cheval Blanc, Château d'Yquem, Cheval des Andes, Clos des Lambrays, Clos19, Cloudy Bay, Dom Pérignon, Glenmorangie, Hennessy, Krug, Mercier, Moët & Chandon, Newton, Vineyard, Ruinart, Terrazas de los Andes, Veuve Clicquot, and Volcan de mi Tierra brands.
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