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CDI - Christian Dior SE News Story

€464.4 4.4  1.0%

Last Trade - 4:15pm

Sector
Consumer Cyclicals
Size
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 urn:newsml:reuters.com:*: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
2022
    ** 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
 urn:newsml:reuters.com:*:nL1N2JA29L
   
    
    
    

 ((anait.miridzhanian@thomsonreuters.com))
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