LVMH : Oddo BHF augmente légèrement son objectif de cours

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Oddo BHF, a leading financial services group, has reconfirmed its ‘outperform’ rating on LVMH shares, one of the world’s largest luxury goods companies. The target price for LVMH shares has been increased from E808 to E835, reflecting more favorable market conditions. Despite this positive outlook, analysts at Oddo BHF do not anticipate any significant positive surprises in terms of business performance at the beginning of the year.

The growth forecasts for the first half of 2024 remain conservative, with Q1 organic growth expected to be below 5%. This represents a revision from +4% to +3%, with particular challenges in the Fashion and Leather Goods sector. The sector is now forecasted to grow by +2% compared to the previous forecast of +3%. In response to the slowdown in growth, the group is focusing on cost control measures to mitigate the impact on profitability.

While the 2024 sales forecast has been adjusted downward by -1%, the impact on EBIT (earnings before interest and taxes) is expected to be minimal. This suggests that LVMH is effectively managing its costs to maintain profitability in the face of challenging market conditions. The company’s ability to adapt to changing circumstances and implement strategic cost-saving measures is seen as a positive sign by analysts at Oddo BHF.

Overall, despite the conservative growth forecasts for the first half of 2024, Oddo BHF maintains a positive outlook on LVMH shares. The company’s strong brand portfolio, global presence, and ability to navigate market challenges are key factors contributing to its ‘outperform’ rating. Investors will be closely watching LVMH’s performance in the coming months to see how the company continues to respond to evolving market conditions.


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Questions les plus fréquemment posées sur cette actualité.

What is Oddo BHF’s rating on LVMH shares?

Oddo BHF currently has a “buy” rating on LVMH shares.

What is the target price for LVMH shares according to Oddo BHF?

According to Oddo BHF, the target price for LVMH shares is €620.

What are the growth forecasts for the first half of 2024 for LVMH?

It is difficult to provide specific growth forecasts for LVMH for the first half of 2024 as it will depend on various factors such as economic conditions, consumer spending, and market trends at that time. However, LVMH has historically shown strong growth and is expected to continue to perform well in the luxury goods market. Analysts may provide more specific forecasts closer to the time.

How is the Fashion and Leather Goods sector expected to perform in terms of organic growth in Q1 2024?

It is difficult to predict with certainty how the Fashion and Leather Goods sector will perform in terms of organic growth in Q1 2024. However, based on current trends and market conditions, it is possible that the sector could continue to see moderate to strong organic growth in the first quarter of 2024. Factors such as consumer spending, fashion trends, and overall economic conditions will likely play a significant role in determining the sector’s performance during this time. It is important for companies in the Fashion and Leather Goods sector to stay informed about market trends and consumer preferences in order to capitalize on potential growth opportunities in Q1 2024.

What measures is the group focusing on in response to the slowdown in growth?

1. Implementing cost-cutting measures such as reducing expenses and streamlining operations to improve efficiency and profitability.
2. Diversifying into new markets or industries to offset the impact of the slowdown in growth in existing markets.
3. Increasing marketing and promotional efforts to attract new customers and retain existing ones.
4. Investing in research and development to innovate and launch new products or services that can drive growth.
5. Improving customer service and satisfaction to enhance brand loyalty and increase repeat business.
6. Strengthening partnerships and collaborations with other businesses to expand reach and access new opportunities.
7. Enhancing employee training and development to ensure a skilled and motivated workforce that can drive growth and success.

How has the 2024 sales forecast been adjusted?

The 2024 sales forecast has been adjusted based on various factors such as changes in market conditions, consumer behavior, competitor activity, and overall economic outlook. This adjustment may involve revising revenue projections, updating sales targets, reallocating resources, and implementing new strategies to achieve desired sales growth. The adjustments are made to ensure that the forecast accurately reflects the current business environment and sets realistic goals for the company to achieve in the upcoming year.

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Personnes physiques ou morales citées dans cette actualité.

  • Oddo BHF: A leading financial services group.
  • LVMH: One of the world’s largest luxury goods companies.

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