Paris (dpa-AfX)-A positive study by the US investment house Goldman Sachs has given the LVMH share (LVMH Moet Hennessy Louis Vuitton) on Tuesday. The paper continued to drop from its recently reached multi -year low and recently increased by 3.3 percent to EUR 459.30 at the top of the EuroStoxx 50.
Goldman put the share on the “European Conviction Buy List” for particularly promising European values. On Thursday, the stock of the luxury goods manufacturer was sunk up to 436.55 euros since the beginning of November 2020.
Goldman analyst Louise Singlehurst, as well as RBC analyst Piral Dadhania or Bofa analyst Ashley Wallace, expects a weak second quarter, but sees the company as the winner of the next upswing in the luxury industry. LVMH has exceeded its competitors in the past in the past. If the biggest hurdle in the industry was taken, namely to move customers back into purchases, this would favor brands like Louis Vuitton, as they continuously invested in customer loyalty and new products.
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