Lvmh Moet Hennessy Louis Vuitton SE
MC: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€198.00 | Qsdwf | Txvcdtjy |
Tourism Drives Solid LVMH Growth; Some Improvement in China
We are increasing our fair value estimate for wide-moat LVMH to EUR 590 from EUR 550, largely to reflect euro depreciation and slightly better-than-expected underlying business trends in 2022 following strong third-quarter revenue figures. Shares are trading somewhat above our fair value estimate.