Christian Dior SE logo

CDI - Christian Dior SE News Story

€464.4 4.4  1.0%

Last Trade - 4:15pm

Consumer Cyclicals
Large Cap
Market Cap £71.40bn
Enterprise Value £118.03bn
Revenue £40.42bn
Position in Universe 12th / 847

BUZZ-LVMH: Jefferies suggests shifting focus beyond 2022

Wed 6th January, 2021 11:32am
** Jefferies suggests shifting focus within France's LVMH
 LVMH.PA  from 2022 to units which were hit by a
coronavirus-related dearth of travel from the soft luxury ones
which keep on outperforming peers
    ** The broker sees over 52% EBIT growth at the units which
have been dragging profitability down during the pandemic
    ** "No, LVMH  shares  are not as expensive as you think,"
Jefferies says, hiking its price target by almost 30% to EUR
590.0, based on 2022 estimates and including the planned
acquisition of Tiffany  TIF.N 
    ** Tiffany, which posted record holiday sales on
Tuesday*:nL4N2JG3F4, will have an important impact on hard
luxury in 2022 and beyond, the broker adds, as LVMH will likely
reshape it to target Asia
    ** Moreover, Jefferies expects travel recovery to benefit
the Asia-Pacific region in late 2021 and a gradual ramp-up from
    ** Soft luxury units such as Louis Vuitton and Christian
Dior are set to continue outperforming in 2021, Jefferies says,
adding it expects minimal impact from the proposed U.S. tariffs*:nL1N2JA29L

© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.