LVMH gains more than 1% in Paris, as UBS this morning reiterated its buy recommendation on the stock, with a price target raised from 749 to 832 euros, a new target representing a potential upside of 13% for the share of the world's number one luxury goods company.

The continued momentum of the brands in its portfolio and the favorable winds in the sector should lead to another year of outperformance for LVMH", predicts the broker, for whom the challenge in 2023 will be to "navigate through a soft landing".

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