LVMH downgraded to Equal Weight from Overweight at Morgan Stanley

Morgan Stanley expert Edouard Aubin downgraded LVMH (LVMUY) to Equal Weight from Overweight with an unchanged price target of EUR 635. The stock’s valuation is trading towards the apical of its 20-year range, the expert tells investors successful a probe note. Morgan Stanley sees a deficiency of catalysts to propulsion the banal higher successful the coming weeks.

Claim 50% Off TipRanks Premium

• Unlock hedge fund-level information and almighty investing tools for smarter, sharper decisions

• Stay up of the marketplace with the latest quality and investigation and maximize your portfolio's potential

Published archetypal connected TheFly – the eventual root for real-time, market-moving breaking fiscal news. Try Now>>

See today’s best-performing stocks connected TipRanks >>

Read More connected LVMUY:

Disclaimer & DisclosureReport an Issue

• LVMH terms people raised to EUR 715 from EUR 585 astatine Telsey Advisory

• LVMH terms people raised to EUR 580 from EUR 560 astatine Barclays

• LVMH terms people raised to EUR 715 from EUR 635 astatine Deutsche Bank

• LVMH terms people raised to EUR 610 from EUR 545 astatine JPMorgan

• LVMH terms people raised to EUR 725 from EUR 680 astatine UBS