LVMH : Oddo BHF raises its target slightly
Nevertheless, the analyst believes that there are no favorable surprises to be expected from the start of the year in terms of activity. Accordingly, it is maintaining its modest growth forecasts for H1 2024, with Q1 organic growth well below 5% (the forecast has been lowered from +4% to +3%, with Fashion and Leather Goods in particular reporting +2%, compared with +3% previously).
We understand that the Group is taking the necessary steps to keep costs under control at a time when growth has slowed. While we have revised our 2024 sales forecast by -1%, the impact on EBIT is almost imperceptible", says the broker.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Go to the original article.
Contact us to request a correction