LVMH raised to 'overweight' rating by Morgan Stanley analysts
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FILE PHOTO: The logo of LVMH is seen during the annual shareholders meeting of LVMH Moet Hennessy Louis Vuitton in Paris, France, April 18, 2024. REUTERS/Sarah Meyssonnier/File Photo
PARIS (Reuters) - Investment bank Morgan Stanley has raised its rating on French luxury goods giant LVMH to 'overweight' from 'equal weight'.
"While LVMH should face a number of challenges in 2025, the Group's prospects have materially improved in recent weeks, a function of more favorable industry dynamics but also company specific factors (improving prospects at key brands Vuitton/Tiffany/Bulgari)," it wrote in a research note.
(Reporting by Sudip Kar-Gupta; Editing by Christopher Cushing)
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