LVMH will present its results for fiscal year 2022 on Thursday January 26. Ahead of this publication, Stifel confirms its Buy recommendation on the share with a price target of E760.

Stifel expects organic sales growth of +9% for the Fashion & Leather Goods division in Q4 2022 (vs. +22% in Q3 2022).

At group level, the analyst targets EPS growth of +8% (vs. +19% in Q3 2022).

' The stock remains one of our top sector picks over 12 months, given the market share gains expected for the Fashion & Leather Goods sector' adds the analyst.

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