LVMH Moet Hennessy Louis Vuitton SE (NASDAQ:LVMUY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The brokerage presently has a $64.00 price target on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 14.20% from the stock’s current price.
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. “
LVMH Moet Hennessy Louis Vuitton SE (NASDAQ LVMUY) opened at 56.04 on Friday. The company has a market capitalization of $140.83 billion and a price-to-earnings ratio of 26.80. LVMH Moet Hennessy Louis Vuitton SE has a 52-week low of $34.55 and a 52-week high of $57.40. The stock has a 50 day moving average of $54.95 and a 200-day moving average of $51.32.
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About LVMH Moet Hennessy Louis Vuitton SE
LVMH Moet Hennessy Louis Vuitton SE is a luxury goods company. Its business activities are divided into various business groups, including Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective retailing and Other activities. The Company has approximately 70 brands and over 3,950 stores around the world.
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