Merrill Lynch upgrades LVMH
The investment bank Merrill Lynch announced it had detected its recommendation on LVMH, the French company the world leader in luxury, from the old to the new recommendation of a neutral court “accumulate.” Merrill Lynch has held that, even if the economic slowdown could adversely impacting on the luxury sector in 2001, these impacts are already being considered in the evaluation of the title. The target price set by Merrill Lynch is 75 euros, with the title that the Paris stock exchange are changing hands at 69.05 euros, down by 1, 22%.
