Manufacturing Industry
JP Morgan confidence in LVMH bolstered.(J.P. Morgan Chase and Co. rates LVMH Moet Hennessy Louis Vuitton S.A)(Brief Article)
Cosmetics International, July, 2005
Investment bank JP Morgan has raised its glasses for the moment, at least--to LVMH, issuing a continuing "over weight" rating in the stock. JP Morgan analysts' says good news is flowing out of the Hennessey brand in particular, with recent strong organic growth. Should its strong sales news continue, it could help lift, JP Morgan predicts, LVMH's stock price by around 10 per cent in the next year.
Currently LVMH's stock price is 63 a share.
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